USDA maintains corn, soybean stocks estimates, gives bearish wheat figures in December WASDE

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.

• Mar 9, 2022USDA forecast larger wheat stocks despite war, but warns of uncertainty | 2022-03-09 | Agri-Pulse Communications, Inc.-3.1%
• May 12, 2021New-Crop December Corn Falters on Bearish WASDE; Soybeans Maintain Strong Gains-1.5%
• Jan 12, 2018USDA increases U.S. corn, soybean, wheat ending stocks estimates - Brownfield Ag News-0.2%
• Mar 29, 2018Farmers plan to cut corn, soybean acreage, USDA says | 2018-03-29 | Agri-Pulse | Agri-Pulse Communications, Inc.+1.5%
• Oct 12, 2018USDA raises corn, soybean and wheat ending stocks estimates | 2018-10-12 | World Grain+8.1%

After 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.

• Jun 12, 2024WASDE: Soybean ending stock expectations increased, while wheat lower and corn steady | Agri-Pulse Communications, Inc.-0.1%
• Mar 9, 2021Corn, soy, wheat ending stocks hold steady for March | 2021-03-09 | Agri-Pulse Communications, Inc.-10.3%
• Dec 12, 2018Few surprises in last WASDE of 2018 | 2018-12-11 | Agri-Pulse | Agri-Pulse Communications, Inc.+1.1%
• Feb 24, 2022USDA sees bigger soy production, exports and crush for 2022-23 | 2022-02-24 | Agri-Pulse Communications, Inc.+6.5%
• Jun 10, 2021Minor changes in June WASDE, traders turn attention to dry weather | Agri-Pulse Communications, Inc.-1.8%

After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.

• Aug 12, 2019USDA trims corn, soybean acres off June estimates | 2019-08-12 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.7%
• Dec 9, 2022USDA’s WASDE leaves most grain and oilseed estimates unchanged | Agri-Pulse Communications, Inc.-0.9%
• Dec 12, 2018Few surprises in last WASDE of 2018 | 2018-12-11 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.8%
• Dec 11, 2024December WASDE Shows Decrease in US Corn and Wheat Ending Stocks in 2024/2025-1.8%
• Feb 24, 2022USDA sees bigger soy production, exports and crush for 2022-23 | 2022-02-24 | Agri-Pulse Communications, Inc.+0.1%