
USDA's February WASDE raised US corn exports by 100 million bushels to 3.3 billion and cut ending stocks to 2.1 billion. Soybean supply and use were held steady, with the season-average price at $10.20 per bushel.
US wheat ending stocks rose to 931 million bushels, and the cotton farm price was lowered to 60 cents per pound.
Stronger corn demand supports corn prices, while steady soybean balances and rising wheat stocks keep those markets under pressure from ample global supplies.
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 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 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.