The November WASDE is due Nov. 10, and analysts are watching revisions after October raised corn yield to 181.2 bpa and lifted ending stocks.
Corn export commitments are running 34% below last year, and USDA projects exports down about 4%.
Possible downward yield revisions in November could offset the bearish October numbers, but weak export commitments keep the corn price outlook under pressure.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.