# Corn and soybean futures advance after report, but outlook not bullish | World Grain

> Corn and soybean futures rose after USDA's November WASDE report, which showed large production estimates. Wheat futures rallied on tight projected 2021-22 ending stocks, and analysts said the corn and soybean supply outlook was not persuasively bullish.

- Date: 2021-12-01 · published 2021-12-01T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/13402-corn-and-soybean-futures-advance-after-report-but-outlook-not-bullish-world
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Rising wheat prices can pull feed-grain demand toward corn as wheat becomes a feed substitute, which supports corn and soybean prices even though fundamentals are limited.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-06-12 | [Futures rally on bullish corn, soybean data](https://feedsoft.ai/events/64480-futures-rally-on-bullish-corn-soybean-data.md) | -2.1% | -4.6% |
| CORN | 2022-03-31 | [USDA Report Bullish for Corn, Bearish for Soybeans](https://feedsoft.ai/events/42296-usda-report-bullish-for-corn-bearish-for-soybeans.md) | +4.1% | +5.9% |
| CORN | 2017-09-29 | [Corn, Soybean Futures Climb on Surprise Stocks Report \| Fox Business](https://feedsoft.ai/events/7538-corn-soybean-futures-climb-on-surprise-stocks-report-fox-business.md) | +3.1% | +2.4% |
| CORN | 2018-10-11 | [WASDE report pushes corn, soybean futures higher - RealAgriculture](https://feedsoft.ai/events/62482-wasde-report-pushes-corn-soybean-futures-higher-realagriculture.md) | +4.1% | +4.1% |
| CORN | 2022-08-12 | [Grain markets hit turbulence, after key report ups wheat supply hopes, but slashes corn - Grain Price News](https://feedsoft.ai/events/39957-grain-markets-hit-turbulence-after-key-report-ups-wheat-supply-hopes-but.md) | -0.7% | -1.6% |
| SOY | 2018-06-12 | [Futures rally on bullish corn, soybean data](https://feedsoft.ai/events/64480-futures-rally-on-bullish-corn-soybean-data.md) | -4.7% | -10.6% |
| SOY | 2019-08-12 | [Corn futures fall 6% after bearish USDA crop report; soybeans down 1.3%](https://feedsoft.ai/events/11736-corn-futures-fall-6-after-bearish-usda-crop-report-soybeans-down-1-3.md) | -0.7% | -3.3% |
| SOY | 2017-09-29 | [Corn, Soybean Futures Climb on Surprise Stocks Report \| Fox Business](https://feedsoft.ai/events/7538-corn-soybean-futures-climb-on-surprise-stocks-report-fox-business.md) | +0.9% | +1.2% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/16172-corn-and-soybean-futures-advance-after-report-but-outlook-not-bullish

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