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USDA's April 10, 2025 WASDE cut 2024/25 U.S. corn ending stocks by 75 million bushels, and they came in 45 million bushels below trade expectations. U.S. soybean ending stocks fell 5 million bushels to 375 million, below expectations, and U.S. wheat stocks rose 27 million bushels to 846 million, above expectations.
World corn and soybean ending stocks fell, while world wheat stocks rose.
Smaller U.S. corn and soybean carryouts tighten feed grain and meal supplies and support prices. Larger wheat stocks add modest downward pressure on wheat.
iowafarmbureau.comAlex Robinson, Research Economist, Decision Innovation Solutions on behalf of Iowa Farm BureauApr 10, 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.
