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USDA NASS reported March 1 stocks with all wheat at 1.24 billion bushels, up 14% year on year, and total corn stocks at 8.15 billion bushels, down 2%. Soybean stocks rose 4% to 1.91 billion bushels while rough rice stocks declined.
Larger wheat stocks are bearish for wheat prices, while tighter corn stocks support corn values; the soybean increase adds to supply.
feedandgrain.comFeed, Grain StaffMar 31, 2025After 1,006 past bearish report events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 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 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 88 past bullish report events, RICE moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% 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.
