
Soybean futures closed the week up about 3.9% after the USDA's November 10 report raised US 2026-27 soybean production by 12 million bushels and export forecasts by 25 million bushels, cutting ending stocks to 300 million bushels. The same report cut US corn production by 141 million bushels and wheat prices fell about 2.5% on the week.
Lower US soybean and corn stocks tighten supplies for feed buyers and support prices for soybean meal and corn. Stronger US wheat stocks and rising world wheat stocks point to easing wheat supply, which weighs on wheat-based feed.
Not enough comparable past events yet for a historical read.
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.