
Terrain's early grain outlook for 2026/27 projects corn planted area at 94 million acres with production above 15.8 billion bushels and ending stocks above 1.9 billion bushels. It also projects soybean ending stocks near 370 million bushels and wheat acreage at 45.1 million, among the lowest on record.
Large carry-in stocks and comfortable supplies are expected to cap price recovery in corn, soybeans and sorghum for 2026/27.
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 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.
Not enough comparable past events yet for a historical read.
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.