# WASDE Crop Estimates All Higher Than In October

> USDA raised its November estimates for U.S. corn production by 168 million bushels to 15.2 billion, with yields up 1.9 bushels per acre. Soybean production rose 92 million bushels on a 1.1 bushel-per-acre yield gain, and both crops' producer prices were raised. Wheat prices were unchanged, while global wheat use rose on increased feed demand in Canada and Russia.

- Date: 2016-11-10 · published 2016-11-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/73826-wasde-crop-estimates-all-higher-than-in-october
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Larger corn and soybean crops and higher stocks point to weaker futures prices, while higher feed use for wheat in Canada and Russia supports some wheat demand. Buyers should expect ample feed grain supplies.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-10-11 | [WASDE: No ‘October surprise’ as USDA dials in small changes](https://feedsoft.ai/events/27802-wasde-no-october-surprise-as-usda-dials-in-small-changes.md) | -1.8% | +0.9% |
| CORN | 2019-07-23 | [Mexico’s corn output to be higher than estimated \| 2019-07-23  \| World Grain](https://feedsoft.ai/events/58065-mexico-s-corn-output-to-be-higher-than-estimated-2019-07-23-world-grain.md) | +0.9% | -10.8% |
| CORN | 2018-09-12 | [USDA Pushes Corn, Soybean Yield Estimates Higher](https://feedsoft.ai/events/62988-usda-pushes-corn-soybean-yield-estimates-higher.md) | -2.5% | -0.1% |
| CORN | 2024-01-15 | [WASDE update: Higher US corn and soybean supplies \| articles \| ING THINK](https://feedsoft.ai/events/11446-wasde-update-higher-us-corn-and-soybean-supplies-articles-ing-think.md) | +0.8% | -4.7% |
| CORN | 2024-02-08 | [February WASDE: U.S. supplies higher than traders expected](https://feedsoft.ai/events/31628-february-wasde-u-s-supplies-higher-than-traders-expected.md) | -1.4% | +1.6% |
| SOY | 2024-10-11 | [WASDE: No ‘October surprise’ as USDA dials in small changes](https://feedsoft.ai/events/27802-wasde-no-october-surprise-as-usda-dials-in-small-changes.md) | -2.6% | +0.1% |
| SOY | 2018-09-12 | [USDA Pushes Corn, Soybean Yield Estimates Higher](https://feedsoft.ai/events/62988-usda-pushes-corn-soybean-yield-estimates-higher.md) | -0.8% | +5.2% |
| SOY | 2024-01-15 | [WASDE update: Higher US corn and soybean supplies \| articles \| ING THINK](https://feedsoft.ai/events/11446-wasde-update-higher-us-corn-and-soybean-supplies-articles-ing-think.md) | +1.5% | -1.1% |

## Sources

- windsornewstoday.ca: https://windsornewstoday.ca/chatham/agriculture/2016/11/10/wasde-crop-estimates-higher-october

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