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The October WASDE report raised US new-crop corn ending stocks from 1.567 billion to 1.849 billion bushels and lifted the yield to 181.2 bushels per acre despite a 3% drop in Good/Excellent ratings. Corn fell about 20 cents, nearly hitting limit down intraday, and closed near $4.80.
Higher projected stocks and a stock-to-usage ratio near 11% signal ample supply, and US corn becoming the cheapest globally should boost exports and weigh on feed grain prices. Wheat was pulled lower alongside corn.
guavy.comGuavy AI Editorial TeamNov 1, 2026After 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 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
