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USDA projects global corn ending stocks for 2025-26 at 277.8 million metric tons, the lowest in 12 years and well below the pre-report trade estimate of 297.4 million. Strong demand is expected to keep supplies tight even with a large US crop.
A tighter-than-expected global stocks outlook supports corn prices, so feed buyers should expect firmer corn costs unless the US crop materializes as forecast.
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.