
Increases in U.S. corn and wheat exports lowered ending stocks in the June 12 USDA report, while soybean domestic balances were unchanged. USDA kept the 2025/26 season-average corn price at $4.20 per bushel and left corn area and yield forecasts unchanged.
Higher export demand reduces the carryout that would otherwise support the new crop, which is a mild bullish signal for corn and wheat. Feed costs could firm if export pace continues.
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.
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.
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.