U.S. Corn, Soybean Piles Get Smaller, USDA Says

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.

• Feb 24, 2017USDA Forum: USDA sees smaller corn, soybean and wheat crops in 2017-0.2%
• Jun 11, 2019U.S. Corn Production, Supplies Fall, USDA Says-4.7%
• May 12, 2023USDA Predicts Record Corn, Soybean Crops-1.1%
• Jun 12, 2018U.S. Grain Stocks Get Smaller, USDA Report Shows-0.9%
• Mar 1, 2023Corn, soybean usage cuts overshadow smaller Argentine crops-1.6%

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.

• Sep 29, 2017U.S. Corn, Soybean Stocks Drop, USDA Says+0.9%
• Feb 24, 2017USDA Forum: USDA sees smaller corn, soybean and wheat crops in 2017+1.5%
• Jun 11, 2019U.S. Corn Production, Supplies Fall, USDA Says+6.3%
• Nov 10, 2020USDA reduces 2020 corn, soybean projections+4.4%
• Jun 10, 2022USDA Sees Smaller Soybean Stocks for Old and New Crops-3.4%

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.

• Sep 29, 2017U.S. Corn, Soybean Stocks Drop, USDA Says+3.1%
• Nov 8, 2018USDA cuts corn, soybean crops-6.8%
• Feb 24, 2017USDA Forum: USDA sees smaller corn, soybean and wheat crops in 2017+1.5%
• Jun 11, 2019U.S. Corn Production, Supplies Fall, USDA Says+6.2%
• Nov 10, 2020USDA reduces 2020 corn, soybean projections+9.7%

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.

• Sep 29, 2017U.S. Corn, Soybean Stocks Drop, USDA Says+2.0%
• Jun 11, 2019U.S. Corn Production, Supplies Fall, USDA Says+3.5%
• Sep 12, 2018USDA Pushes Corn, Soybean Yield Estimates Higher-4.4%
• Jun 10, 2022USDA Sees Smaller Soybean Stocks for Old and New Crops+0.3%
• Sep 12, 2022USDA Lowers Corn and Soybean Yields-1.5%