# Soybean and Corn Prices Strengthen Ahead of USDA Report

> Soybean and corn futures edged higher on Friday, November 6, as traders awaited USDA U.S. crop projections; wheat futures declined. Higher crude oil prices offered some support to soybeans and corn through biofuel demand, while improved Black Sea export prospects weighed on wheat.

- Date: 2026-11-09 · published 2026-11-09T19:36:12.592Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/90091-soybean-and-corn-prices-strengthen-ahead-of-usda-report
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Firm oil prices can improve the demand outlook for biofuel feedstocks, lending support to corn and soybeans. A recovery in Black Sea exports adds wheat supply to world markets and weighs on wheat prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- BRENT: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-06-16 | [Corn, Wheat And Soy All See Prices Drop On Prospect Of US-Iran Deal \| ESM Magazine](https://feedsoft.ai/events/18835-corn-wheat-and-soy-all-see-prices-drop-on-prospect-of-us-iran-deal-esm-magazine.md) | -0.9% | -0.7% |
| WHEAT | 2022-02-26 | [GRAIN & PRICES WEEKLY REPORT](https://feedsoft.ai/events/8529-grain-and-prices-weekly-report.md) | +12.1% | +26.0% |
| WHEAT | 2026-07-27 | [Soybeans and corn fall more than 2% as oil drops, wheat also down \| ZAWYA](https://feedsoft.ai/events/8284-soybeans-and-corn-fall-more-than-2-as-oil-drops-wheat-also-down-zawya.md) | -2.4% | +2.9% |
| WHEAT | 2022-11-28 | [China’s COVID protests sink soy, corn prices - Beachner Grain](https://feedsoft.ai/events/12215-china-s-covid-protests-sink-soy-corn-prices-beachner-grain.md) | -1.1% | -2.7% |
| WHEAT | 2022-03-14 | [Ahead of the Open \| March 14, 2022 - Pro Farmer](https://feedsoft.ai/events/5498-ahead-of-the-open-march-14-2022-pro-farmer.md) | -1.8% | +6.6% |
| SOY | 2022-03-04 | [How strength in soybean prices is linked to the Black Sea conflict](https://feedsoft.ai/events/12630-how-strength-in-soybean-prices-is-linked-to-the-black-sea-conflict.md) | +1.2% | -3.7% |
| SOY | 2022-04-22 | [Winds Of War, Drought Push New-Crop Corn, Soybean Prices Higher](https://feedsoft.ai/events/13368-winds-of-war-drought-push-new-crop-corn-soybean-prices-higher.md) | -2.4% | -3.3% |
| SOY | 2022-03-04 | [The price of soybean meal increased in Russia](https://feedsoft.ai/events/12631-the-price-of-soybean-meal-increased-in-russia.md) | +1.2% | -3.7% |

## Sources

- idnfinancials.com: https://www.idnfinancials.com/es/news/71446/antes-del-informe-del-usda-los-precios-de-la-soja-y-el-ma%C3%ADz-se-fortalecen
- idnfinancials.com: https://www.idnfinancials.com/id/news/71446/jelang-laporan-usda-harga-kedelai-dan-jagung-menguat
- idnfinancials.com: https://www.idnfinancials.com/kr/news/71446/usda-%EB%B3%B4%EA%B3%A0%EC%84%9C-%EC%95%9E%EB%91%90%EA%B3%A0-%EB%8C%80%EB%91%90-%EC%98%A5%EC%88%98%EC%88%98-%EA%B0%80%EA%B2%A9-%EC%83%81%EC%8A%B9

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