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Corn, wheat, and soybeans closed lower Monday as traders positioned ahead of the USDA’s November supply-and-demand report. StoneX’s corn and soybean yield estimates were above the USDA’s prior estimates, while market expectations for the USDA report anticipated a lower corn yield and a higher soybean yield than previously reported.
Expectations for larger crops can increase projected grain availability and weigh on prices, although uncertainty about corn yields leaves room for a market response to the USDA figures. Buyers were balancing those supply expectations ahead of the report.
sfntoday.comNov 10, 2026After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
