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Pro Farmer's report reaction notes that US all-wheat production came in at 1.543 billion bushels, below trade expectations. Global corn and wheat ending stocks were raised despite the US wheat cut.
Corn, soybean and wheat futures traded lower after the report.
Higher global ending stocks offset the smaller US wheat crop, so the report leaves ample supply and pressures prices. Feed buyers should expect little support from the USDA numbers.
profarmer.comPro Farmer EditorsJun 11, 2026After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
