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USDA's July 2025 WASDE pegged 2025/26 U.S. corn and wheat ending stocks lower month-over-month and below average trade expectations, while soybean ending stocks rose above expectations. Global 2025/26 corn and wheat ending stocks were also cut below expectations, and old-crop corn exports were raised.
Tighter corn and wheat balance sheets than the trade expected support prices, while higher soybean stocks weigh on soy values.
agriculture.comCassidy WalterJul 11, 2025After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
