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USDA's October WASDE raised its 2026-27 corn production estimate by 234 million bushels and soybeans by 27 million bushels versus September. The increase came as Treasury yields hit 24-year highs and Brazil's soybean planting ran ahead of schedule.
A larger U.S. corn and soybean crop adds supply to markets already carrying heavy managed-money net-long positions, pressuring futures and feed grain and meal prices. The stronger dollar and higher yields add further downside pressure on commodities.
agribusinesswire.comGrace KimNov 2, 2026After 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.
After 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 399 past bearish report events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
