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The USDA's December 9, 2025 WASDE cut U.S. 2025/26 corn ending stocks by 125 million bushels to 2,029 million, which was 117 million below industry expectations. U.S. soybean ending stocks came in 16 million bushels below expectations, while wheat ending stocks beat average expectations by 7 million bushels.
Lower corn and soybean carryouts than expected point to firmer feed grain prices, while higher-than-expected wheat stocks add pressure on wheat values.
iowafarmbureau.comDec 12, 2025After 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.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.
