# Bull Market in Full Stride, Analyst Says

> Soybean futures finished 35 cents higher and corn 15 cents higher after the November USDA report, which cut corn yields 2.6 bu/acre and soybean yields 1.2 bu/acre, both far more than trade expected. The analyst notes corn ending stocks are now 1.702 billion bushels and soybean carryout has fallen 35% in one month to 190 million bushels.

- Date: 2020-11-10 · published 2020-11-10T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/50095-bull-market-in-full-stride-analyst-says
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Yield cuts well beyond trade estimates sharply tighten US corn and soybean balance sheets, supporting feed grain and soymeal prices. The analyst expects the bull market to continue as inventories remain thin.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2020-11-16 | 5 | +9.7% | 4.8 | Corn rose 15 cents after the USDA report, which cut yields far more than the trade expected, adding to bullish momentum. |

## Sources

- agriculture.com: https://www.agriculture.com/markets/analysis/bull-market-in-full-stride-analyst-says

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