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Teucrium's analysis of the July WASDE described corn 2025/26 ending stocks at 1.66 billion bushels, 90 million lower than June and below the trade guess of 1.72 billion. Global corn stocks were lowered to 272.1 million tonnes, while soybean revisions were bearish and wheat remained fundamentally heavy.
The corn stock cut improves the feed grain balance, but the report did little to change expectations for range-bound prices absent weather problems.
blog.teucrium.comJake HanleyJul 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 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 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.
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.
