Wheat crops bigger, corn smaller, mirroring stock outlooks: USDA

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.

• Apr 13, 2018Current season wheat stock rises, coarse grains stocks fall: USDA - Grain Central+3.3%
• Jul 24, 2020Wheat stock record, US maize trimmed: IGC - Grain Central+0.7%
• Mar 31, 2025USDA reports mixed grain stocks, with wheat up and corn down-1.5%
• Oct 12, 2017Russia's record wheat crop boosts world wheat ending stock forecast - Grain Central+0.0%
• May 13, 2020USDA forecasts intense competition on wheat, corn - Grain Central-0.4%

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.

• Apr 13, 2018Current season wheat stock rises, coarse grains stocks fall: USDA - Grain Central-0.4%
• Jan 13, 2023USDA's WASDE trims South American corn crops - Grain Central+0.4%
• Jul 24, 2020Wheat stock record, US maize trimmed: IGC - Grain Central-1.9%
• Mar 31, 2025USDA reports mixed grain stocks, with wheat up and corn down+0.4%
• Feb 24, 2017USDA Forum: USDA sees smaller corn, soybean and wheat crops in 2017+1.5%

Not enough comparable past events yet for a historical read.