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CBOT wheat futures fell sharply after the WASDE showed U.S. wheat ending stocks at 901 million bushels, above the 869 million expected. Soybean stocks were slightly below estimates at 290 million bushels versus 302 million expected.
Wheat stocks well above expectations add to supply and reinforce the downtrend, pressuring wheat as a feed ingredient alternative to corn.
xtb.comNov 14, 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 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
