CONAB holds off on soybean, corn crop adjustments

After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.

• May 10, 2024USDA Forecasts 14.86 BB Corn Crop, 4.45 BB Soybean Crop+2.0%
• May 1, 2026April WASDE Holds Corn, Soybean Ending Stocks Steady, Raises Wheat Stocks-0.4%
• Dec 12, 2016World corn, soybean stocks hold steady, report shows-0.1%
• Sep 23, 2019Corn Condition Up 2 Percentage Points; Soybean Condition Unchanged+0.0%
• Feb 11, 2025USDA Defies Expectations, Holds Corn and Soybean Ending Stocks Steady-1.0%

After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

• Sep 12, 2016USDA Still Sees Record Corn, Soybean Crops+1.6%
• May 1, 2026April WASDE Holds Corn, Soybean Ending Stocks Steady, Raises Wheat Stocks-1.4%
• Dec 12, 2016World corn, soybean stocks hold steady, report shows+1.3%
• Sep 23, 2019Corn Condition Up 2 Percentage Points; Soybean Condition Unchanged+1.9%
• Feb 11, 2025USDA Defies Expectations, Holds Corn and Soybean Ending Stocks Steady+1.4%