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USDA's November 10 WASDE cut US soybean ending stocks by 15 million bushels to 300 million and raised world wheat ending stocks by 4.78 Mt to 280.82 Mt. Canada's draft Clean Fuel Regulations proposed higher credit multipliers for domestic ethanol, biodiesel and renewable diesel.
Tighter US soybean stocks support soybean and meal prices, while higher world wheat stocks weigh on wheat. Canadian clean fuel multipliers mainly improve plant margins rather than adding new corn or canola demand.
pgi.klarenbach.caTrent KlarenbachNov 14, 2026After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.
