Grain markets less bearish on forecasted lower stocks

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.

• May 15, 2025USDA forecasts lower US soybean stocks, record crush for 2025/26 | Feed & Grain-0.4%
• Dec 3, 2020Ag Markets Surprised by Stocks Report | Feed & Grain+0.5%
• Sep 30, 2025Grain markets react to unexpected USDA stocks data+0.7%
• Jul 11, 2026CBoT wheat climbs on Ukraine war risks, bullish USDA global stocks view - Markets - Business Recorder+0.7%
• Sep 30, 2020Corn, soy, wheat surge on lower-than-expected U.S. grain stocks | Financial Post+5.1%

After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.

• Dec 3, 2020Ag Markets Surprised by Stocks Report | Feed & Grain-1.3%
• May 13, 2024Soybean commentary: Futures rebound despite higher USDA stocks forecast - Fastmarkets-0.2%
• May 14, 2018Market Trends Commentary for May-June 2018 - Grain Farmers of Ontario-1.7%
• Apr 26, 2023USDA forecasts strong global soyabean trade but lower meal and oil…-1.9%
• Aug 13, 2025Global oilseeds production forecast lowered on multiple crop declines | Feed & Grain+3.1%