# November WASDE: Why soybeans are the biggest wildcard

> Analysts expect USDA’s November WASDE to show soybean ending stocks of 332.2 million bushels, above last month’s 315 million, while corn and wheat stock estimates are close to their prior figures. Analysts also expect the US corn yield estimate to fall by 0.6 bushel per acre, trimming production by 54.2 million bushels; the report is due Tuesday.

- Date: 2026-11-06 · published 2026-11-06T21:15:48.807Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/84934-november-wasde-why-soybeans-are-the-biggest-wildcard
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A larger-than-expected soybean carryout could weigh on soybean prices, while a lower corn yield estimate would tighten projected supply and support corn. The wide range of soybean expectations raises the chance of a notable price reaction to the report.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-07-13 | [Bearish WASDE Report Impacting Corn, Soybeans, and Wheat](https://feedsoft.ai/events/34985-bearish-wasde-report-impacting-corn-soybeans-and-wheat.md) | +0.2% | -3.8% |
| SOY | 2023-11-10 | [USDA predicts largest ever corn crop in November WASDE](https://feedsoft.ai/events/33117-usda-predicts-largest-ever-corn-crop-in-november-wasde.md) | +2.4% | -1.8% |
| SOY | 2024-01-15 | [Bearish Surprises for Corn and Soybeans in Latest WASDE Report](https://feedsoft.ai/events/32062-bearish-surprises-for-corn-and-soybeans-in-latest-wasde-report.md) | +1.5% | -1.1% |
| SOY | 2021-10-11 | [Turner's Take Ag Marketing \| October WASDE Bearish for Soybeans and Corn](https://feedsoft.ai/events/44488-turner-s-take-ag-marketing-october-wasde-bearish-for-soybeans-and-corn.md) | -2.0% | -4.1% |
| SOY | 2018-08-13 | [WASDE Review August 2018 : Soybean / Wheat / Corn](https://feedsoft.ai/events/63482-wasde-review-august-2018-soybean-wheat-corn.md) | +4.2% | -1.5% |
| CORN | 2023-09-23 | [WASDE shocker boosts corn and soybeans](https://feedsoft.ai/events/34109-wasde-shocker-boosts-corn-and-soybeans.md) | -0.3% | +1.6% |
| CORN | 2022-09-12 | [WASDE sparks a corn, soybean rally – The Seam](https://feedsoft.ai/events/39609-wasde-sparks-a-corn-soybean-rally-the-seam.md) | -1.1% | -1.5% |
| CORN | 2020-11-09 | [November WASDE has bullish surprises for soybeans, corn - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/50092-november-wasde-has-bullish-surprises-for-soybeans-corn-agweek-1-source-for.md) | -0.9% | +7.6% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/november-wasde-why-soybeans-are-biggest-wildcard

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