IEG Vantage Forecasts Stronger U.S. Crop Yields Ahead of 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, 2023November 'WASDE' Report: Steady Cattle Prices Forecast; Corn Prices Lowered | Cattle Range News-1.5%
• May 12, 2021Grain Traders Already Questioning USDA’s WASDE Report | Red River Farm Network-7.8%
• Dec 18, 2019U.S. Farm Income Outlook: November 2019 Forecast-0.1%
• Oct 1, 2026A Bearish Surprise | Red River Farm Network-1.2%
• Sep 12, 2024USDA Forecasts Record Corn Yield of 183.6 BPA in September Report+4.9%

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.

• Aug 12, 2026WASDE Report Released | Red River Farm Network+4.6%
• Dec 18, 2019U.S. Farm Income Outlook: November 2019 Forecast+0.8%
• Jul 12, 2023Wheat, Soybean Carryover Larger Than Expected | Red River Farm Network-1.9%
• Jul 12, 2021U.S. corn ending stocks top forecasts in WASDE report+3.6%
• Aug 13, 2024S/D Estimates Released | Red River Farm Network-5.5%