USDA trims forecast for soybean, wheat supplies

After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.

• May 10, 2017Winter wheat takes a hit in USDA forecast | 2017-05-10 | Agri-Pulse | Agri-Pulse Communications, Inc.-2.4%
• Oct 12, 2021USDA officials increase soybean, corn yield estimates | Agri-Pulse Communications, Inc.+0.7%
• Apr 9, 2026USDA raises price estimates for several commodities | Agri-Pulse Communications, Inc.+3.1%
• May 12, 2022USDA warns on corn, winter wheat crops due to weather | 2022-05-12 | Agri-Pulse Communications, Inc.+5.9%
• Jun 12, 2024WASDE: Soybean ending stock expectations increased, while wheat lower and corn steady | Agri-Pulse Communications, Inc.-2.1%

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.

• Sep 12, 2019USDA lowers corn, soybean yield estimates | 2019-09-12 | Agri-Pulse Communications, Inc.+4.8%
• Mar 29, 2018Farmers plan to cut corn, soybean acreage, USDA says | 2018-03-29 | Agri-Pulse | Agri-Pulse Communications, Inc.+4.8%
• Mar 9, 2022USDA forecast larger wheat stocks despite war, but warns of uncertainty | 2022-03-09 | Agri-Pulse Communications, Inc.+3.3%
• Apr 9, 2026USDA raises price estimates for several commodities | Agri-Pulse Communications, Inc.+0.9%
• Jul 10, 2020USDA holds corn and soybean yields steady in latest WASDE | 2020-07-10 | Agri-Pulse Communications, Inc.-4.9%

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.

• May 31, 2023USDA lowers ag trade forecast for FY 2023 | Agri-Pulse Communications, Inc.+4.4%
• Sep 12, 2019USDA lowers corn, soybean yield estimates | 2019-09-12 | Agri-Pulse Communications, Inc.+4.1%
• Mar 29, 2018Farmers plan to cut corn, soybean acreage, USDA says | 2018-03-29 | Agri-Pulse | Agri-Pulse Communications, Inc.+1.3%
• Apr 9, 2026USDA raises price estimates for several commodities | Agri-Pulse Communications, Inc.+0.4%
• Aug 12, 2021USDA lowers corn, soybean yield estimates due to drought | 2021-08-12 | Agri-Pulse Communications, Inc.-3.4%