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USDA's February 2025 WASDE held 2024/25 U.S. corn and soybean ending stocks at 1.540 billion and 380 million bushels, against trade expectations of lower stocks. U.S. wheat ending stocks were cut 4 million bushels to 794 million, though the trade had expected an increase.
Holding U.S. corn and soybean stocks while the trade expected tightening removed a bullish catalyst, and the wheat cut was smaller than expected. Feed buyers should expect the old-crop price support to stay limited unless export demand accelerates.
agriculture.comCassidy WalterFeb 11, 2025After 770 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 563 past neutral report events, SOY moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 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.
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.
