USDA is scheduled to release its November Crop Production and WASDE reports on November 10, updating U.S. production, export and inventory estimates. The article notes that earlier USDA supply increases contributed to declines in corn, wheat and soybean futures, while analysts expect a slightly lower corn yield than USDA's October estimate.
The supply, yield and export revisions could shift expectations for available grain and change price direction. No clear direction is established ahead of the report.
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.