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Saxo reports USDA's Quarterly Stocks report showed US corn inventories of 1.532 billion bushels, about 15% above trade expectations, pushing December corn to a one-month low near $4.13. Wheat hit a contract low, and speculators hold record seasonal net shorts across grains.
A larger-than-expected corn carryout and heavy fund shorts point to continued bearish pressure on US corn and wheat prices.
home.saxoOle HansenOct 1, 2025After 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 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.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.
