
Teucrium's March WASDE analysis describes a status-quo report with U.S. corn stocks at 2.127 billion bushels and soybean stocks at 350 million. World corn ending stocks rose to 292.8 million tonnes, above analyst expectations.
Higher global corn stocks are bearish for export-driven prices, while stable U.S. stocks keep the market range-bound around cost of production.
After 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.
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.