# Soybeans hit 2-1/2-month high after USDA cuts yield estimate

> Chicago soybean futures jumped to a 2-1/2-month high after the USDA cut its U.S. soybean yield estimate to 49.5 bushels per acre from 49.9 in September, below nearly all trade estimates. November soybeans settled up 26-3/4 cents at $9.92 a bushel, while December corn rose 3 cents to $3.49 and December wheat fell to $4.30-1/2, with corn lifted by soybean strength despite a higher USDA corn yield of 171.8 bpa.

- Date: 2026-11-15 · published 2026-11-15T03:13:03.555Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/100594-soybeans-hit-2-1-2-month-high-after-usda-cuts-yield-estimate
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A smaller US soybean crop tightens supplies for soybean meal and oil used in feed, supporting feed prices. Corn's firm close despite a higher yield shows the market is reacting to soybean-led sentiment rather than fundamentals.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-01-13 | [US soybean crop and oil prices rise after cuts in the 2022/23 MY crop estimate](https://feedsoft.ai/events/37865-us-soybean-crop-and-oil-prices-rise-after-cuts-in-the-2022-23-my-crop-estimate.md) | -1.5% | +0.8% |
| SOY | 2020-08-21 | [Pro Farmer Estimates National Corn and Soybeans Yields Below USDA Forecasts](https://feedsoft.ai/events/51456-pro-farmer-estimates-national-corn-and-soybeans-yields-below-usda-forecasts.md) | +3.8% | +15.6% |
| SOY | 2019-03-12 | [Brazil raises corn crop estimate, cuts soybeans - Brownfield Ag News](https://feedsoft.ai/events/59926-brazil-raises-corn-crop-estimate-cuts-soybeans-brownfield-ag-news.md) | +3.2% | +2.4% |
| SOY | 2019-09-12 | [USDA lowers corn, soybean yield estimates \| 2019-09-12  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/10852-usda-lowers-corn-soybean-yield-estimates-2019-09-12-agri-pulse-communications.md) | +4.1% | +8.2% |
| SOY | 2022-10-12 | [Soybeans rally after USDA cuts U.S. harvest outlook \| Financial Post](https://feedsoft.ai/events/39163-soybeans-rally-after-usda-cuts-u-s-harvest-outlook-financial-post.md) | -0.3% | +4.9% |
| SBM | 2018-09-12 | [USDA Pushes Corn, Soybean Yield Estimates Higher](https://feedsoft.ai/events/62988-usda-pushes-corn-soybean-yield-estimates-higher.md) | -4.4% | -0.2% |
| SBM | 2023-01-13 | [US soybean crop and oil prices rise after cuts in the 2022/23 MY crop estimate](https://feedsoft.ai/events/37865-us-soybean-crop-and-oil-prices-rise-after-cuts-in-the-2022-23-my-crop-estimate.md) | -6.6% | -3.3% |
| SBM | 2020-08-21 | [Pro Farmer Estimates National Corn and Soybeans Yields Below USDA Forecasts](https://feedsoft.ai/events/51456-pro-farmer-estimates-national-corn-and-soybeans-yields-below-usda-forecasts.md) | +0.4% | +14.8% |

## Sources

- theedgemalaysia.com: https://theedgemalaysia.com/article/soybeans-hit-212month-high-after-usda-cuts-yield-estimate

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.