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USDA reported old-crop corn stocks at 1.532 billion bushels, above expectations, and wheat stocks at 2.12 billion bushels, also above trade estimates. Soybean stocks were 316 million bushels, slightly below expectations, and the 2025 wheat crop was pegged at 1.985 billion bushels.
Bigger corn and wheat inventories and a larger wheat crop add bearish pressure to grain futures, while the small soybean miss provides minimal offset.
agriculture.comCassidy WalterSep 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 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.
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.
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.
