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USDA crop progress data show winter wheat rated good or excellent rose five percentage points to 49% for the week ending November 8, with improvements led by Oklahoma and Texas. Corn and sorghum harvests advanced but fell further behind their five-year averages, while winter wheat emergence moved above normal.
Improved wheat condition is mildly bearish for wheat supply concerns, while delayed corn and sorghum harvests may tighten near-term availability and complicate logistics. The reported changes are modest and do not establish a major production loss.
bloodstonecapital.co.ukNov 10, 2026After 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.
After 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.
Not enough comparable past events yet for a historical read.
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.
