Soybeans Plunge, Wheat Rallies on USDA Stocks and Production Changes

After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.

• Aug 10, 2018Soybeans, Grains Plunge After USDA Raises Production Forecasts-0.3%
• Feb 8, 2019Soybean Production Up in 2018, USDA Reports Winter Wheat Seedings and Grain Stocks also reported-1.1%
• Sep 12, 2025USDA Ups Corn and Soybean Production Estimates+2.2%
• Jan 12, 2026USDA Raises Production and Stocks Above Trade Expectations+0.9%
• Jan 12, 2018Corn Yield and Soybean Production Up in 2017, USDA Reports - Winter Wheat Seedings and Grain Stocks also reported+3.9%

After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.

• Aug 10, 2018Soybeans, Grains Plunge After USDA Raises Production Forecasts+0.2%
• Feb 8, 2019Soybean Production Up in 2018, USDA Reports Winter Wheat Seedings and Grain Stocks also reported0.0%
• Sep 12, 2025USDA Ups Corn and Soybean Production Estimates-1.4%
• Jan 12, 2018Corn Yield and Soybean Production Up in 2017, USDA Reports - Winter Wheat Seedings and Grain Stocks also reported+7.1%
• Apr 11, 2017Global Soybean Production, Ending Stocks Raised+1.0%

After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.

• Aug 10, 2018Soybeans, Grains Plunge After USDA Raises Production Forecasts-7.5%
• Feb 8, 2019Soybean Production Up in 2018, USDA Reports Winter Wheat Seedings and Grain Stocks also reported+0.8%
• Sep 12, 2025USDA Ups Corn and Soybean Production Estimates+5.1%
• Jan 12, 2026USDA Raises Production and Stocks Above Trade Expectations-2.8%
• Jan 12, 2018Corn Yield and Soybean Production Up in 2017, USDA Reports - Winter Wheat Seedings and Grain Stocks also reported+1.7%

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 12, 2026Wheat Rallies the Limit on Tuesday as USDA Releases Production Updates+2.0%
• Aug 11, 2023USDA Lowers Corn and Soybean Yields and Production-1.5%
• May 15, 2023USDA Ending Stocks Reveal Record Projections for Corn and Soybeans - ProAg-1.6%
• Aug 31, 2017StatsCan production report: canola and wheat production down but soybeans production up big - RealAgriculture+0.5%
• Jul 20, 2017USDA exports – Sales surge for corn, soybeans and wheat-2.7%