Estimates suggest better crop prospects for new season - McCreath Simpson & Prentice

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.

• May 12, 2021Markets mixed on new crop estimates-1.5%
• Jul 15, 2024WASDE update: Better supply prospects for wheat and corn | articles | ING THINK-3.2%
• Sep 1, 2025ABARES lifts production estimates for major crops - Grain Central-0.6%
• Mar 18, 2021The higher forecast production in the new season lowers the price of wheat old crop+0.9%
• Jun 17, 2019Mixed prospects for Australian winter crop: ABARES - Grain Central-6.1%

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 1, 2026USDA Releases First New-Crop Estimates in Today's WASDE-5.5%
• Nov 13, 2024France raises wheat, maize crop estimates, cuts sugar beet - Markets - Business Recorder-0.5%
• Mar 13, 2024Brazil soy, corn crop estimates widen further after weather woes+1.5%
• Oct 16, 2024France trims soft wheat crop estimate, raises maize forecast+2.5%
• Aug 6, 2019France Increases Wheat Crop Estimate, Cautious On Maize | ESM Magazine-3.1%

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.

• May 14, 2026New-Crop Soybean Oil Export Projection Suggests Greater Price Volatility - farmdoc daily-1.3%
• May 13, 2024What are the estimates for soy and corn supplies next season?+1.9%
• Mar 27, 2025Initial Estimates for the 2025 U.S. Growing Season+2.8%
• Jul 24, 2025Brazil increases corn crop estimate-3.8%
• Sep 3, 2017Crop Prospects and Food Situation, No. 3 September 2017 - World | ReliefWeb+1.4%