# On The Money Grain Commentary 11-5-26

> The commentary says corn funds moved to a net short position of 125 million bushels, while export inspections reached 34.8 million bushels, well below the 66.9 million weekly pace needed to meet USDA's shipment target. It also reports that U.S. corn harvest was 74% complete, compared with a five-year average of 77%, and that soybean export inspections totaled 89.8 million bushels, including 56 million shipped to China from previously announced sales.

- Date: 2026-11-05 · published 2026-11-06T03:05:37.734Z
- Category: trade · region United States · magnitude low
- Page: https://feedsoft.ai/events/83192-on-the-money-grain-commentary-11-5-26
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Corn shipments running below the pace needed to reach USDA's target suggest weaker export demand and weigh on prices, while an already large fund short position may limit additional selling. Recent soybean inspections provide support, but reliance on previously announced sales and substantial fund liquidation temper the demand outlook.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-01-11 | [Russia sets monthly corn export record \| World-grain.com \| January 11, 2017 15:08 \| World Grain](https://feedsoft.ai/events/72853-russia-sets-monthly-corn-export-record-world-grain-com-january-11-2017-15-08.md) | +0.0% | +1.3% |
| CORN | 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) | -7.7% | -2.5% |
| CORN | 2017-10-25 | [Mexican grain buyers haven’t given up on the US … yet \| 2017-10-25 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/68430-mexican-grain-buyers-haven-t-given-up-on-the-us-yet-2017-10-25-agri-pulse-agri.md) | -1.4% | -5.3% |
| CORN | 2022-03-01 | [COMMENTARY: Ukraine’s unmatched corn crop gains encroach on rival exporters](https://feedsoft.ai/events/42744-commentary-ukraine-s-unmatched-corn-crop-gains-encroach-on-rival-exporters.md) | +4.7% | +12.1% |
| CORN | 2019-11-21 | [Grain export 2019/20: shipment volumes 38 pct up since the start of the season — Latifundist.com](https://feedsoft.ai/events/55918-grain-export-2019-20-shipment-volumes-38-pct-up-since-the-start-of-the-season.md) | -0.5% | +2.1% |
| SOY | 2018-08-30 | [Grain exports reduced 694k tons since the start of 2018/19 — Latifundist.com](https://feedsoft.ai/events/63389-grain-exports-reduced-694k-tons-since-the-start-of-2018-19-latifundist-com.md) | +0.4% | +3.9% |
| SOY | 2024-01-01 | [COMMENTARY: Massive Brazilian soybean exports too heavily leaning on China?](https://feedsoft.ai/events/32739-commentary-massive-brazilian-soybean-exports-too-heavily-leaning-on-china.md) | -4.2% | -5.8% |
| SOY | 2020-10-01 | [International grain trade - Ontario Grain Farmer](https://feedsoft.ai/events/50615-international-grain-trade-ontario-grain-farmer.md) | +2.7% | +3.3% |

## Sources

- agwatch.biz: https://www.agwatch.biz/on-the-money-grain-commentary-11-5-26/

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