Yield Busters: USDA Report Sends Corn Futures Skyward

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.

• Mar 31, 2022USDA Report Bullish for Corn, Bearish for Soybeans+4.1%
• Sep 12, 2022USDA Lowers Corn and Soybean Yields-1.1%
• Aug 12, 2026Corn Futures Jump as USDA Cuts US Yield More Than Forecast - Bloomberg+3.5%
• Oct 1, 2026USDA Cuts Corn Yield to 178.5 Bu., Nudges Soybeans Slightly Higher in September Report-1.2%
• Sep 16, 2025Corn futures rally despite bearish WASDE report-0.3%

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.

• Oct 12, 2022USDA Lowers Corn, Soybean Yields Slightly+3.6%
• Jul 12, 2018Corn, Wheat Get Help From USDA Report+3.8%
• Sep 30, 2022USDA reports trigger corn rally+0.4%
• Dec 1, 2021Corn and soybean futures advance after report, but outlook not bullish | World Grain+0.7%
• Aug 11, 2023USDA Lowers Corn and Soybean Yields and Production-1.5%

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.

• Aug 13, 2025USDA crop report: Corn yields soar, soybean prices rise+0.1%
• Aug 12, 2019Corn futures fall 6% after bearish USDA crop report; soybeans down 1.3%-0.7%
• Jun 28, 2019USDA Reports Surprise Sends Corn Market Reeling-1.7%
• Nov 9, 2021USDA Expects Record-High Corn Yield+6.7%
• Sep 12, 2022USDA Lowers Corn and Soybean Yields-2.7%