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USDA's April WASDE raised season-average farm price estimates for wheat by 5 cents to $5.00 per bushel, corn by 5 cents to $4.15, and soybeans by 10 cents to $10.30. The season-average soybean meal price was raised $10 to $310 per short ton, and wheat ending stocks came in at 938 million bushels.
Higher USDA price forecasts signal firmer farm-level values, while the larger wheat stocks figure is a bearish offset for wheat.
farmpolicynews.illinois.eduRyan HanrahanApr 10, 2026After 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.
After 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 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
