
The June 2025 WASDE lowered 2025/26 U.S. corn beginning and ending stocks, with ending stocks at 1.750 billion bushels versus an average pre-report estimate of 1.792 billion. Production and new-crop use were unchanged, and the report was viewed as in line with expectations overall.
The lower carryout is a small bullish signal for corn, but the report was broadly anticipated, so price impact should stay limited. Feed buyers should watch the June 30 Acreage report for the next change in supply.
After 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.
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.