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USDA’s November WASDE raised U.S. wheat ending stocks by 3 million bushels to 743 million, while world carryout increased by 4.78 million tonnes to 280.82 million. World production was raised by 5.12 million tonnes, including increases for Argentina, Australia, Ukraine and Kazakhstan.
U.S. winter wheat planting was 89% complete as of November 8, slightly behind the five-year average, and crop condition ratings improved.
Higher global production and ending stocks add to available wheat supplies and can weigh on prices. Stronger corn and soybean futures provided spillover support to wheat in the session, partially offsetting that pressure.
barchart.comAustin SchroederNov 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 138 past bearish report events, Wheat (HRW) moved a median +0.0% over 5 sessions (50% higher; middle half -2.9% to +2.4%), 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.
