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Corn, wheat and soybean futures edged higher overnight after settling near four-month lows, while soybean meal rose and soybean oil declined. Ahead of the USDA Crop Production and WASDE reports, analysts widely expected a corn yield cut but a higher soybean yield; corn harvest was 81% complete, below expectations and the five-year average, while winter wheat conditions improved to 49% good to excellent.
The update also noted progress in Russia-Ukraine talks and India’s offer to help establish Black Sea grain export corridors.
The expected USDA yield revisions and harvest progress could shift near-term supply expectations, with a corn yield cut potentially supporting corn while a higher soybean yield could weigh on soybeans. Improved winter wheat conditions add a bearish supply signal for wheat, though the report and Black Sea developments leave prices sensitive to fresh information.
barchart.comWalsh TradingNov 10, 2026After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% 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.
