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ADM Investor Services reported that the February WASDE cut US 2025/26 corn stocks by 100 million bushels to 2.127 billion, versus expectations of no change. Exports were raised to a record 3.30 billion bushels and Ukraine's exports were cut 1 MMT.
Brazil's soybean output rose 2 MMT to a record 180 MMT.
Record export demand and the unexpected stock drop tighten US corn supplies, supporting prices, while Brazil's record soybean crop caps soybean gains.
admis.comMark SoderbergFeb 10, 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, SOY 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 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.
