# USDA November WASDE Reports Recap | Feed & Grain

> The November WASDE cut the US soybean yield by 0.3 bpa to 51.2 and trimmed the export outlook, which raised ending stocks. USDA also cut Argentina's soybean forecast and lowered Chinese imports by one million tonnes, while raising wheat export forecasts for Russia, Ukraine, the EU and India.

- Date: 2021-11-10 · published 2021-11-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/44003-usda-november-wasde-reports-recap-feed-and-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower US soybean exports and Chinese imports offset part of the yield cut, while higher wheat exports from Black Sea and EU suppliers add competition for feed wheat.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-01-05 | [USDA Reports Record Oilseed Crushing \| Feed & Grain](https://feedsoft.ai/events/49250-usda-reports-record-oilseed-crushing-feed-and-grain.md) | +4.4% | +2.9% |
| SOY | 2016-12-12 | [USDA WASDE Report at a Glance](https://feedsoft.ai/events/73428-usda-wasde-report-at-a-glance.md) | -0.1% | -3.1% |
| SOY | 2019-11-27 | [Grain Transportation Report, November 28, 2019](https://feedsoft.ai/events/55921-grain-transportation-report-november-28-2019.md) | -0.7% | +6.1% |
| SOY | 2024-11-08 | [PF Reaction to USDA's Reports \| November 8, 2024 - Pro Farmer](https://feedsoft.ai/events/27341-pf-reaction-to-usda-s-reports-november-8-2024-pro-farmer.md) | -2.9% | -2.1% |
| SOY | 2020-11-12 | [November WASDE Report Tightens Soybean Stocks](https://feedsoft.ai/events/12423-november-wasde-report-tightens-soybean-stocks.md) | +2.8% | +0.8% |
| CORN | 2021-12-09 | [No Surprises in December WASDE \| Feed & Grain](https://feedsoft.ai/events/43525-no-surprises-in-december-wasde-feed-and-grain.md) | -0.4% | -0.7% |
| CORN | 2016-12-12 | [USDA WASDE Report at a Glance](https://feedsoft.ai/events/73428-usda-wasde-report-at-a-glance.md) | +1.3% | +1.3% |
| CORN | 2023-06-09 | [USDA's June WASDE report brings few notable changes - Grainews](https://feedsoft.ai/events/35449-usda-s-june-wasde-report-brings-few-notable-changes-grainews.md) | +4.4% | -4.7% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/events/event-calendar/blog/15386089/usda-november-wasde-reports-recap

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