USDA Grain Stocks Report Surprises Corn and Wheat

After 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.

• Dec 12, 2018USDA raises 2019 wheat and corn ending stocks | 2018-12-12 | World Grain+1.1%
• Apr 13, 2020USDA report: Larger U.S. corn, soy, wheat stocks-5.4%
• Oct 12, 2018USDA raises corn, soybean and wheat ending stocks estimates | 2018-10-12 | World Grain+2.4%
• Jan 1, 2019USDA Reports Provide Surprises for Corn+1.4%
• Jan 12, 2026US corn and wheat supplies rise in latest WASDE | Feed & Grain-2.8%

After 1,006 past bearish report events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.

• Mar 31, 2025USDA reports mixed grain stocks, with wheat up and corn down-1.5%
• Dec 12, 2018USDA raises 2019 wheat and corn ending stocks | 2018-12-12 | World Grain+3.7%
• Oct 12, 2018USDA raises corn, soybean and wheat ending stocks estimates | 2018-10-12 | World Grain+8.1%
• Apr 13, 2018Current season wheat stock rises, coarse grains stocks fall: USDA - Grain Central+3.3%
• Jan 12, 2026US corn and wheat supplies rise in latest WASDE | Feed & Grain+0.2%

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

• Jun 11, 2021Old-Crop Corn Stocks Surprise of WASDE Report | Feed & Grain-13.9%
• Jan 1, 2019USDA Reports Provide Surprises for Corn+2.7%
• Jul 12, 2018Corn, Wheat Get Help From USDA Report+1.5%
• Sep 30, 2025USDA Grain Stocks 'Surprise' With Larger Corn Inventories Than Expected+0.7%
• Apr 9, 2021USDA’s WASDE report confirms corn stocks are shrinking+0.2%