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USDA's April WASDE gave corn and soybean markets lower-than-expected U.S. ending stocks, with corn below pre-report estimates and soybean stocks falling against forecasts of an increase. Corn exports were raised 100 million bushels on the pace of sales and competitive U.S. prices, while feed and residual use was trimmed 25 million bushels.
Nearby corn closed up 9 cents and soybeans up 16.25 cents.
Higher export demand and lower feed use tighten the corn balance sheet, supporting feed grain costs. Soybean stocks below expectations support soymeal pricing.
michiganfarmnews.comDennis Rudat, Jon Adamy, Farm News MediaApr 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.
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.
