USDA Estimate for Soybean Stocks Higher Than Expected

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.

• Jul 12, 2023Wheat, Soybean Carryover Larger Than Expected | Red River Farm Network-1.9%
• Aug 12, 2022PF Report Reaction: Record soybean crop estimate pushed new-crop ending stocks higher than expected - Pro Farmer-12.5%
• Aug 13, 2024S/D Estimates Released | Red River Farm Network-5.5%
• Aug 13, 2024USDA forecasts record US soybean production and higher stocks, above market estimates - Fastmarkets-5.5%
• May 15, 2023Ending Stocks Were Primary Consideration in USDA Report | Red River Farm Network-8.9%

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.

• Aug 12, 2022PF Report Reaction: Record soybean crop estimate pushed new-crop ending stocks higher than expected - Pro Farmer-0.7%
• Sep 30, 2019Corn and Soybean Stocks Come In Below Trade Expectations | Red River Farm Network-0.9%
• Sep 30, 2024USDA Report Snapshot: Corn, soybean stocks lighter than expected - Pro Farmer+1.0%
• Dec 10, 2024USDA Reduces U.S. Corn Ending Stocks More Than Expected+1.6%
• May 12, 2025USDA Reduces Old Crop Corn Ending Stocks, Pegs New Crop Lower Than Expected+0.0%