World Numbers a Bright Spot in USDA Report

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, 2026WASDE Report Released | Red River Farm Network+3.5%
• Sep 29, 2020USDA’s Approach on Crop Report a ‘Head Scratcher’ | Red River Farm Network+0.3%
• Mar 10, 2022Few Surprises in Supply/Demand Report | Red River Farm Network+2.5%
• Jun 12, 2018June Supply and Demand Report Delivers Positive News | Red River Farm Network-2.1%
• Mar 3, 2021USDA Report: U.S. Dairy Farm Numbers Continue to Decline+4.3%

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.

• Sep 14, 2020A Slight Surprise for Soybeans in Friday’s Report | Red River Farm Network+3.8%
• Sep 29, 2020USDA’s Approach on Crop Report a ‘Head Scratcher’ | Red River Farm Network+2.5%
• Mar 10, 2022Few Surprises in Supply/Demand Report | Red River Farm Network-2.2%
• Oct 1, 2026A Bearish Surprise | Red River Farm Network+0.3%
• Jun 12, 2018June Supply and Demand Report Delivers Positive News | Red River Farm Network-4.7%

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 10, 2022Few Surprises in Supply/Demand Report | Red River Farm Network-3.3%
• Mar 10, 2022WASDE Predicts Increase in Wheat Stocks | Red River Farm Network-3.3%
• Sep 30, 2019Corn and Soybean Stocks Come In Below Trade Expectations | Red River Farm Network+0.6%
• Dec 9, 2021PF Report Reaction: USDA delivers a yawner, as expected - Pro Farmer-6.6%
• Jun 30, 2022Corn, wheat fall after USDA numbers - Brownfield Ag News-8.7%