
December corn closed up 6 cents at $3.59 1/4 after USDA's ending-stocks estimate came in below trade expectations. Wheat futures also gained 5 to 13 cents across Chicago, Kansas City and Minneapolis contracts.
Corn ending stocks of 1.552 billion bushels were tighter than the 1.73 billion analysts expected, which supports corn prices and adds some lift to wheat.
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.
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.
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.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.