
CBOT wheat futures fell after USDA reported US winter wheat plantings of 34.397 million acres, above the 34.255 million expected. USDA also put domestic wheat ending stocks at 628 million bushels, above the trade average, and cut South American corn and soybean estimates.
Higher-than-expected US acreage and carryout add bearish pressure on wheat, while reduced South American output supports corn and soybeans.
After 1,006 past bearish report events, Wheat (SRW) 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 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.
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.