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Terrain's analysis of the May 2025 WASDE says corn and soybean ending stocks came in below trade expectations while wheat was higher. US planting is ahead of the five-year average, with corn 62% planted as of May 11.
Lower-than-expected corn and soybean carryout supports prices, while higher wheat stocks add pressure on wheat as a feed substitute.
terrainag.comMatt EricksonMay 13, 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 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), 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.
