Yield, Production and Stocks Increase Sends Corn and Soy Lower Following November WASDE

After 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.

• Nov 9, 2022November USDA Report Increases Corn and Soybean Production+1.6%
• Sep 12, 2023USDA Increases Corn Production, Lowers Yield-8.6%
• Jan 12, 2024January WASDE: Higher U.S. Corn and Soy Yield and Stocks-0.9%
• Jan 12, 2026Shocking New Records in Yield and Production Pummel Corn Futures-2.8%
• Jan 12, 2018Corn Yield and Soybean Production Up in 2017, USDA Reports - Winter Wheat Seedings and Grain Stocks also reported+1.7%

After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.

• Nov 9, 2022November USDA Report Increases Corn and Soybean Production+0.9%
• Aug 12, 2024Soybean Futures Crumble Following Increased Acres, Record Yield and Production-8.7%
• Jan 12, 2024January WASDE: Higher U.S. Corn and Soy Yield and Stocks-1.5%
• Jan 12, 2026Shocking New Records in Yield and Production Pummel Corn Futures+0.9%
• Jun 12, 2024WASDE: Soybean ending stock expectations increased, while wheat lower and corn steady | Agri-Pulse Communications, Inc.-0.3%

After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.

• Mar 8, 2023USDA Crop Production Report Out Today: Lower Soybean Ending Stocks and Higher Corn - Oklahoma Farm Report-0.9%
• Jul 12, 2024USDA Hikes Corn Production, but Lowers 2024-25 Corn Ending Stocks-3.9%
• Oct 12, 2023WASDE Reduces Corn and Soy Production More Than Expected+0.8%
• Jun 12, 2023USDA Increases Corn, Soybean, Wheat Ending Stocks - ProAg+1.1%
• Nov 14, 2025USDA Lowers Corn and Soybean Production Estimates+1.4%