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The November 2025 WASDE, the first since September, raised corn and soybean season-average prices while cutting long-grain rice output by 1 million cwt. Futures fell sharply in nearby contracts after the report showed higher-than-expected production and weaker export expectations.
Higher US corn and soybean production estimates pressured futures, while rice supplies tightened on lower yields.
farmprogress.comHunter Biram, H. Scott StilesDec 1, 2025After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% 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.
