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ADM Investor Services' February 2026 monthly overview summarizes the February WASDE changes for corn, soybeans, wheat and cocoa. US 2025/26 corn ending stocks were cut 100 million bushels to 2.127 billion, exports were raised to a record 3.30 billion bushels, and soybean balance sheets were unchanged.
Corn stocks remain at a seven-year high despite the cut, so the tighter balance is only a modest support for prices, while soybean export forecasts look high without Chinese buying.
admis.comADMIS Research TeamFeb 24, 2026After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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 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.
