# Market Perspectives November 10, 2016 - U.S. Grains & BioProducts Council

> USDA's November WASDE raised the US corn yield 1.9 bushels per acre to 175.3, above trade expectations of a slight cut. Corn futures fell sharply after the report, and markets also absorbed Trump's election win.

- Date: 2016-11-10 · published 2016-11-10T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/12242-market-perspectives-november-10-2016-u-s-grains-and-bioproducts-council
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A larger-than-expected US corn crop estimate adds supply and pressures corn and feed prices. The bearish surprise is a major driver of the market move.

## Read by commodity

- SBM: neutral
- SOY: bullish ▲
- CORN: bearish ▼
- DDGS: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-12-13 | [Market Perspectives December 14, 2017 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/8426-market-perspectives-december-14-2017-u-s-grains-and-bioproducts-council.md) | +2.1% | +2.6% |
| CORN | 2018-12-13 | [Market Perspectives - December 13, 2018 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/61482-market-perspectives-december-13-2018-u-s-grains-and-bioproducts-council.md) | -0.1% | +1.1% |
| CORN | 2023-12-14 | [Market Perspectives – December 14, 2023 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/9996-market-perspectives-december-14-2023-u-s-grains-and-bioproducts-council.md) | +1.5% | +1.2% |
| CORN | 2024-09-26 | [Market Perspectives - September 26, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/28411-market-perspectives-september-26-2024-u-s-grains-and-bioproducts-council.md) | +2.5% | +0.4% |
| CORN | 2023-05-18 | [Market Perspectives – May 18, 2023 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/7839-market-perspectives-may-18-2023-u-s-grains-and-bioproducts-council.md) | +5.6% | +2.2% |
| SOY | 2024-05-16 | [Market Perspectives - May 16, 2024 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/10514-market-perspectives-may-16-2024-u-s-grains-and-bioproducts-council.md) | +2.7% | -2.0% |
| SOY | 2016-11-17 | [Post Market Wrap Up Nov 17 \| Woodall Grain Company](https://feedsoft.ai/events/11920-post-market-wrap-up-nov-17-woodall-grain-company.md) | +4.9% | +4.4% |
| SOY | 2017-12-29 | [Ukraine sees significant bump in rapeseed production \| World-grain.com \| December 29, 2017 14:52 \| World Grain](https://feedsoft.ai/events/67586-ukraine-sees-significant-bump-in-rapeseed-production-world-grain-com-december.md) | +1.7% | +4.8% |

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-november-10-2016/
- grains.org: https://grains.org/market_perspectives/market-perspectives-november-10-2016/6/
- grains.org: https://grains.org/market_perspectives/market-perspectives-november-10-2016/9/

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