
RFD-TV reports that USDA's January WASDE projected record U.S. corn production of 17.0 billion bushels and corn ending stocks of 2.227 billion bushels, above most expectations. Soybean ending stocks were lifted to about 350 million bushels as exports were trimmed, and wheat ending stocks also rose.
Higher corn, soybean and wheat stocks with tepid demand keep price pressure on feed and grain markets.
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.
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.