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USDA's January reports raised U.S. corn production and stocks above trade expectations, and world ending stocks also came in higher than expected. Soybean yield and production were roughly unchanged but slightly above expectations, and winter wheat seedings were slightly lower year over year but above trade estimates.
Bigger-than-expected supplies across corn, soybeans and wheat add to the surplus and weigh on prices for feed grains and oilseed meal inputs.
agriculture.comDavid GeigerJan 12, 2026After 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.
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.
