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USDA's June 11 supply and demand report made only minimal changes, as expected. The US wheat carryout came in at 744 million bushels, below trade estimates of about 765 million.
Old-crop corn carryout was 2.145 billion bushels, about 7 million above expectations.
The wheat stock shortfall versus expectations is a modest supportive factor for wheat prices. The corn carryout above trade estimates is a small bearish factor, leaving the overall picture balanced.
agrinews-pubs.comTom DoranJun 17, 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 769 past bullish report events, WHEAT 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.
