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Corn futures fell after USDA's January WASDE raised US corn yield, acreage and production above expectations, lifting ending stocks. Soybean futures also dropped on higher Brazilian production projections.
Corn growers are pressing for year-round 15% ethanol blends to absorb surplus.
Bigger-than-expected US supply and expanding Brazilian output weigh on corn and soybean prices; year-round E15 would be a meaningful demand offset if enacted.
hpj.comDavid MurrayJan 23, 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 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.
