
The September 15 BARN report summarized the September WASDE, with U.S. 2025-26 corn ending stocks at 2.11 billion bushels and soybean stocks at 300 million bushels, both above trade estimates. It noted that corn is in a supply-driven bear market while soybeans face weak demand because China is avoiding U.S. purchases over tariffs.
Heavy U.S. corn supply and stalled Chinese soybean demand keep feed grain and soymeal prices under pressure for export-dependent markets.
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.
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.