
USDA's September 2025 WASDE raised 2025/26 U.S. corn production despite a lower yield, as planted and harvested acres increased. Soybean production also rose on higher acreage even though yield was cut, and ending stocks came in above trade expectations.
Bigger-than-expected U.S. corn and soybean supplies add to ending stocks, which weighs on feed grain and meal prices and reduces the premium buyers pay for near-term supply.
After 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 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.