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Following the August 12 WASDE, nearby corn fell about 8 cents initially and closed with December corn down 13.25 cents. November soybeans rallied 22 cents on the session.
The analyst said average USDA price forecasts remain below cost of production for both crops.
The split reaction, with corn lower and soybeans higher, reflects a larger corn crop and tighter soybean balance. Prices below production costs may slow farmer selling and support prices over time.
farmprogress.comBryce KnorrAug 13, 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 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), 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.
