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The March 11, 2025 WASDE left U.S. corn and soybean balance sheets unchanged for 2024/25 and made only minor revisions to wheat. Historically, the March report rarely brings major changes to U.S. corn and soybean balance sheets, as production changes are more seasonal than use changes.
With little change in supply or use estimates, the report gives the market no new fundamental driver, leaving prices to respond to weather, trade policy and export pace.
agriculture.comMar 25, 2025After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% 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.
