# USDA WASDE Crop Report - Minimal Changes | Apr 9.26 - ADM Investor Services

> ADM Investor Services summarized the April 9 WASDE, which kept U.S. corn and soybean ending stocks unchanged at 2.127 and 350 million bushels. Global wheat stocks spiked above 6 MMT to 283 MMT versus expectations of no change, while global corn and soybean stocks were revised slightly.

- Date: 2026-04-09 · published 2026-04-09T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/19664-usda-wasde-crop-report-minimal-changes-apr-9-26-adm-investor-services
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The surprise global wheat build is bearish for wheat prices and adds competition in feed markets. Soybean crush increased, supporting domestic meal usage and meal supplies for feed buyers.

## Read by commodity

- SBM: neutral
- SOY: neutral
- CORN: neutral
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-02-10 | [USDA Report - Drop in US Corn Stocks \| Feb 10.26 - ADM Investor Services](https://feedsoft.ai/events/20548-usda-report-drop-in-us-corn-stocks-feb-10-26-adm-investor-services.md) | +1.9% | +6.3% |
| WHEAT | 2024-09-30 | [SEP 30.24 USDA Quarterly Stocks Report - ADM Investor Services](https://feedsoft.ai/events/28251-sep-30-24-usda-quarterly-stocks-report-adm-investor-services.md) | +0.6% | -6.3% |
| WHEAT | 2024-07-26 | [Global Ag News for July 26.24 - ADM Investor Services](https://feedsoft.ai/events/13171-global-ag-news-for-july-26-24-adm-investor-services.md) | -4.8% | -7.0% |
| WHEAT | 2024-04-24 | [Commodities Overview Apr 2024 Edition - ADM Investor Services](https://feedsoft.ai/events/30751-commodities-overview-apr-2024-edition-adm-investor-services.md) | -1.9% | +21.8% |
| WHEAT | 2024-08-02 | [Global Ag News for Aug 2.24 - ADM Investor Services](https://feedsoft.ai/events/28977-global-ag-news-for-aug-2-24-adm-investor-services.md) | +4.8% | -2.5% |
| SBM | 2025-10-01 | [Grains Lower After USDA Stocks Report - ADM Investor Services](https://feedsoft.ai/events/22333-grains-lower-after-usda-stocks-report-adm-investor-services.md) | +1.4% | +16.1% |
| SBM | 2025-09-15 | [Wkly Futures Market Summary For 9.15.2025 - ADM Investor Services](https://feedsoft.ai/events/8338-wkly-futures-market-summary-for-9-15-2025-adm-investor-services.md) | -1.4% | -6.1% |
| SBM | 2016-12-12 | [USDA WASDE Report at a Glance](https://feedsoft.ai/events/73428-usda-wasde-report-at-a-glance.md) | -0.1% | -1.3% |

## Sources

- admis.com: https://www.admis.com/usda-wasde-crop-report-minimal-changes-apr-9-26/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.