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The December WASDE put global wheat production at an all-time high of 837.8 million tonnes, up 37 million year on year, lifting world wheat stocks. USDA cut U.S. corn stocks by 125 million bushels through higher exports, and world corn stocks fell 2.2 million tonnes to 279.2 million with Ukraine's output reduced by 3 million tonnes.
Record world wheat output weighs on wheat prices, while the drop in corn stocks and Ukraine's lower crop supports corn prices.
czapp.comAlberto CarmonaDec 16, 2025After 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.
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.
