
USDA's December 2025 WASDE lowered U.S. corn ending stocks for 2025/26 by more than the average trade expectation, though the figure stayed within the Dow Jones range of 1.94 to 2.37 billion bushels. Soybean and wheat U.S. ending stocks were held steady, and U.S. corn and soybean yields and production were unchanged.
A tighter-than-expected U.S. corn carryout supports corn prices and feed grain costs for buyers. Soybeans and wheat show no new domestic change in this report.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.