
A Vietnamese futures site previews the November WASDE and Crop Production reports, due November 10 at 12:00 EST. Analysts surveyed expect new-crop US corn ending stocks of about 1.84 billion bushels (USDA October figure 1.849), soybean stocks around 0.331 billion and wheat around 0.746 billion.
Expectations for US corn, soybean and wheat ending stocks set the bar for the USDA report; soybean stocks above the prior USDA estimate would be bearish if confirmed, while stable wheat stocks leave little surprise.
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 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.
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.