
DTN published its March 10 Crop Production and WASDE release with a table of U.S. ending stocks for corn, soybeans and wheat, along with world ending stocks and production. Corn was 2,127 million bushels against 2,155 expected, and world corn stocks were 292.8 million tonnes.
The data set confirms the lack of major surprises, with world corn stocks above the trade average, a mildly bearish signal for feed grain prices.
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.
After 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.
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.