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The July WASDE raised US wheat production by 0.21 million tonnes, but higher exports more than offset this and lowered US wheat ending stocks. US corn production was cut by 2.3 million tonnes, and corn ending stocks fell to 272 million tonnes, a 12-year low stocks-to-use ratio, though the market eased after the release.
Tighter US corn and wheat ending stocks support feed grain prices over the medium term, but the initial market reaction was muted because of record production.
mecardo.com.auAngus BrownJul 14, 2025After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
