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USDA's February 10 WASDE cut US 2025/26 corn ending stocks by 100 million bushels to 2,127 million, 88 million below expectations. Soybean stocks held at 350 million bushels and wheat stocks rose 5 million to 931 million.
Brazil's soybean crop estimate rose 2 MMT to 180 MMT.
The corn stocks shortfall signals firmer US supply and supports corn prices, while Brazil's larger soybean crop adds South American competition for export markets.
iowafarmbureau.comAlex Robinson, Research Economist, Decision Innovation Solutions on behalf of Iowa Farm BureauFeb 11, 2026After 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 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), 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.
