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USDA's Quarterly Stocks Report showed corn stocks of 1.532 billion bushels on September 1, well above trade expectations. Soybeans made fresh lows despite a slightly friendly report, while corn closed down about 6 cents.
Larger-than-expected corn supplies add to the bearish balance sheet and pressure futures, while feed and residual estimates remain a question that could lead USDA to revise demand lower.
agweb.comMichelle RookSep 30, 2025After 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 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
