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CIH's summary of the December 2025 WASDE says USDA raised corn exports by 125 million bushels to 3.2 billion and cut ending stocks to 2.029 billion, below the pre-report range. USDA also expects September through November corn shipments to exceed 800 million bushels, a record.
Soybean balance sheets were little changed, and the wheat outlook was slightly negative.
Record shipments and lower corn stocks tighten the domestic balance and support corn prices, while wheat faces modest bearish pressure from the global supply picture.
cihedging.com2025年12月9日在过去 1,040 次看涨的报告事件之后，玉米 在 5 个交易日内中位数变动 +0.5%（62% 上涨；中间一半区间为 -0.9% 至 +2.0%），20 个交易日内为 +0.8%。
在过去 1,006 次看跌的报告事件之后，小麦(SRW) 在 5 个交易日内中位数变动 +0.0%（50% 上涨；中间一半区间为 -1.6% 至 +1.8%），20 个交易日内为 +0.3%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
