
US corn futures slid to a three-month low after USDA raised its estimate of the 2025 harvest to a record and pegged quarterly corn stocks at their largest ever. Soybeans hit a 2-1/2 month low after USDA trimmed its US export view and raised Brazil's harvest estimate.
Record US corn supplies and a larger Brazilian soybean crop point to lower prices for corn and soybean products used in feed, with Brazilian supply competing for export demand.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.