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Teucrium's initial reaction to the May WASDE says 2025-26 corn stocks of 1.8 billion bushels are 242 million below expectations but up 27% year over year. The firm expects grain prices to remain under pressure absent a weather rally, and sees wheat as weak.
The surprise corn carryout is supportive for feed costs, but the firm's view that robust demand and a year-over-year stock build cap prices limits the upside.
blog.teucrium.comJake HanleyMay 12, 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.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
