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Futures fell after the June WASDE showed US corn ending stocks rising 3 million bushels to 1.96 billion, 13 million above trade expectations. US soybean stocks were unchanged at 310 million bushels, in line with expectations.
US wheat ending stocks fell to 744 million bushels, 20 million below expectations.
A corn carryout above expectations adds bearish pressure on feed grain prices. The wheat stock shortfall partly offsets that, leaving the overall balance sheet mixed.
iowafarmbureau.comAlex Robinson, Research Economist, Decision Innovation Solutions on behalf of Iowa Farm BureauJun 18, 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 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
