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USDA's May WASDE gave first 2026/27 estimates, with U.S. soybean and wheat ending stocks below trade expectations and corn stocks above. Global 2026/27 ending stocks for corn, soybeans and wheat were also below expectations, while Argentina and Brazil 2025/26 corn output was raised.
Lower global new-crop stocks support prices for feed grains and oilseeds, and higher South American corn adds some offsetting export supply.
agriculture.comSuccessful FarmingJun 1, 2026After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
