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Teucrium's review calls the January WASDE definitively bearish, citing larger-than-expected corn, soybean and wheat supplies. U.S. corn ending stocks of 2,227 million bushels were well above the analyst average of 1,986 million.
Ample supplies across the grain complex suggest prices will trade sideways near cost of production unless demand accelerates to absorb the surplus.
blog.teucrium.comJake HanleyJan 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.
