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July corn fell 11.75 cents to $4.55.75 and July soybeans dropped to $11.77, the lowest close in three weeks. NOPA reported April member crush of 211.856 million bushels, below estimates.
USDA's forecast of the smallest US wheat crop since 1972 limited wheat's downside.
A below-estimate crush signals softer soymeal demand, while the smallest US wheat crop since 1972 provides support for wheat prices.
profarmer.comPro Farmer EditorsMay 15, 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 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 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.
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.
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.
