Just dropped: the latest USDA quarterly report on US agricultural stocks reveals some interesting moves. Corn holdings came in at 13.282 billion bushels—beating estimates of 13.106B but massively up from last quarter's 1.532B. Soybean inventory hit 3.290B, nearly in line with the 3.281B forecast and well above the previous 316M level. Wheat stocks landed at 1.675B, slightly above the 1.645B consensus but down from 2.120B earlier.

Why does this matter for crypto? These commodity cycles often precede broader macro shifts. When agricultural stocks surge like this, it typically signals supply abundance and can influence inflation expectations—which directly impacts Fed policy, interest rates, and ultimately crypto valuations. Traders paying attention to macro flows are already weighing these supply-side pressures against demand forecasts. Keep an eye on where this trend heads next quarter.