# AgMarket Early Morning Market Analysis 11/04/26

> USDA announced flash sales of 315,000 tonnes of corn to Mexico, 136,000 tonnes to South Korea and 134,000 tonnes of soybeans to unknown destinations. Soybeans were down 10-11 cents, corn down 1-2 cents and wheat up 1-2 cents early Wednesday, with StoneX raising its US corn and soybean yield estimates.

- Date: 2026-11-04 · published 2026-11-04T21:05:39.236Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/80419-agmarket-early-morning-market-analysis-11-04-26
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

New export sales to Mexico and South Korea support corn demand, while the StoneX yield increase is a bearish offset. Soybean weakness reflects harvest pressure and technical selling near the 200-day moving average.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-11-21 | [Barley Market Analysis: Impact of China's Reduced Imports](https://feedsoft.ai/events/27481-barley-market-analysis-impact-of-china-s-reduced-imports.md) | -3.5% | +1.6% |
| CORN | 2024-03-04 | [Arable Market Report - 04 March 2024 \| AHDB](https://feedsoft.ai/events/7298-arable-market-report-04-march-2024-ahdb.md) | +5.1% | +2.0% |
| CORN | 2021-03-04 | [Market Analyst: Grain markets have morphed into ?supply bull? \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/8635-market-analyst-grain-markets-have-morphed-into-supply-bull-iowa-agribusiness.md) | +3.9% | +7.2% |
| CORN | 2017-11-24 | [Firm feed barley market capped by U.S. corn - AgCanada](https://feedsoft.ai/events/68064-firm-feed-barley-market-capped-by-u-s-corn-agcanada.md) | -0.4% | +5.6% |
| CORN | 2021-07-06 | [Analysis shows China changing its grain buying tactics as the US market becomes volatile - UkrAgroConsult](https://feedsoft.ai/events/46125-analysis-shows-china-changing-its-grain-buying-tactics-as-the-us-market-becomes.md) | -1.9% | -12.4% |
| SOY | 2018-06-18 | [Weekly Analysis: New-Crop Corn, Soybeans and SRW Wheat Markets](https://feedsoft.ai/events/10577-weekly-analysis-new-crop-corn-soybeans-and-srw-wheat-markets.md) | -1.2% | -8.4% |
| SOY | 2022-06-27 | [Grains Weekly Analysis](https://feedsoft.ai/events/14927-grains-weekly-analysis.md) | +0.9% | -8.6% |
| SOY | 2021-05-11 | [Daily Market Wire 11 May 2021 - Grain Central](https://feedsoft.ai/events/7465-daily-market-wire-11-may-2021-grain-central.md) | -2.0% | -2.5% |

## Sources

- americanagnetwork.com: https://www.americanagnetwork.com/2026/11/04/agmarket-early-morning-market-analysis-11-04-26/

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