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Iowa Farm Bureau reported that USDA's June WASDE cut 2024/25 and 2025/26 U.S. corn ending stocks by 50 million bushels each, with 2025/26 stocks at 1,750 million bushels. Corn stocks came in 42 million bushels below trade expectations, while wheat stocks were also lowered.
Corn carryout well below expectations signals a tighter balance than the market had priced in, which supports corn prices and raises feed grain costs for buyers. The gap to trade estimates is the key bullish factor.
iowafarmbureau.comAlex Robinson, Research Economist, Decision Innovation Solutions on behalf of Iowa Farm BureauJun 24, 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.
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.
