September WASDE: Ringing in 50 Years with Reduced Corn, Soybean Yields and Lower Livestock Production Expectations

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.

• Oct 9, 2020USDA Grain Stocks and WASDE Shock Markets | Farm Bureau Intel Markets | American Farm Bureau Federation+1.2%
• Sep 30, 2019Corn and Soybean Stocks Come In Below Trade Expectations | Red River Farm Network+3.8%
• Feb 14, 2025WASDE Shows Decrease in South American Corn and Soybean Production for 2024/2025+0.9%
• Oct 12, 2023WASDE Reduces Corn and Soy Production More Than Expected+4.7%
• Aug 11, 2023USDA Lowers Corn and Soybean Yields and Production-5.3%

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.

• Mar 31, 2017Soybeans Trumping Corn in 18 States | Farm Bureau Intel Markets | American Farm Bureau Federation+0.4%
• Oct 9, 2020USDA Grain Stocks and WASDE Shock Markets | Farm Bureau Intel Markets | American Farm Bureau Federation+3.7%
• Mar 29, 2024Let’s Get Going, 2024! | Farm Bureau Intel Markets | American Farm Bureau Federation-4.2%
• Sep 30, 2019Corn and Soybean Stocks Come In Below Trade Expectations | Red River Farm Network-0.9%
• Mar 31, 2022PF Report Reaction: Corn, soybean planting intentions shock markets - Pro Farmer+4.1%

After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.

• Sep 30, 2019Corn and Soybean Stocks Come In Below Trade Expectations | Red River Farm Network+3.1%
• Aug 11, 2023USDA Lowers Corn and Soybean Yields and Production-5.6%
• Nov 8, 2024USDA Surprisingly Lowers Corn and Soybean Yield and Ending Stocks in WASDE - AgWeb-3.2%
• Sep 12, 2022Key data in USDA's September 12 Wasde report, and difference from market expectations - Grain Price News-1.5%
• Oct 9, 2020U.S. Corn and Soybean Production Down from September+3.6%