
Analysts reviewed the June WASDE, which made few revisions to major forecasts beyond an expected increase in 2024/25 corn exports. They highlighted upcoming risks, including yield modeling for Midwest weather, the uncertain soybean export outlook amid US-China tensions, and crop weather in Argentina and Ukraine.
The unchanged yield and export assumptions leave the market exposed to weather and trade shocks, so price volatility may rise through the growing season. Buyers should watch yield and trade news for the next move in feed grain prices.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% 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.