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The April 2025 WASDE lowered 2024/25 U.S. corn and soybean ending stocks below expectations, while U.S. wheat ending stocks rose more than expected. Corn exports were raised 100 million bushels and corn carryout fell 75 million bushels to 1.5 billion.
Soybean crush was set at 4.42 billion bushels, with soybean ending stocks at about 375 million bushels.
Lower corn and soybean carryouts tighten supplies for feed ingredients, supporting prices. Higher wheat stocks ease wheat supply pressure.
proag.comApr 11, 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 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
