# Soybeans, corn rally after USDA pegs US harvest, stocks below expectations

> USDA forecast U.S. soybean production 23 million bushels below analysts’ average estimate and projected ending supplies 15 million bushels lower, against expectations for an increase. It also cut U.S. corn production and stocks by more than expected, prompting sharp rallies in both markets; wheat futures rose as well, though gains were limited by expectations for larger global supplies.

- Date: 2026-11-10 · published 2026-11-11T00:05:50.620Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/92361-soybeans-corn-rally-after-usda-pegs-us-harvest-stocks-below-expectations
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Smaller-than-expected U.S. harvest and stock forecasts tighten expected corn and soybean availability and support prices. Wheat’s advance was more constrained by the prospect of ample global supply.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-06-30 | [Soybeans rebound after USDA pegs U.S. acres below expectations \| Financial Post](https://feedsoft.ai/events/40972-soybeans-rebound-after-usda-pegs-u-s-acres-below-expectations-financial-post.md) | -5.0% | -3.9% |
| SOY | 2025-05-12 | [Report Snapshot \| Corn, soybean ending stocks well below expectations - Pro Farmer](https://feedsoft.ai/events/24605-report-snapshot-corn-soybean-ending-stocks-well-below-expectations-pro-farmer.md) | +0.6% | +1.1% |
| SOY | 2019-09-30 | [Corn and Soybean Stocks Come In Below Trade Expectations \| Red River Farm Network](https://feedsoft.ai/events/57013-corn-and-soybean-stocks-come-in-below-trade-expectations-red-river-farm-network.md) | +3.8% | +4.2% |
| SOY | 2022-10-12 | [Soybeans rally after USDA cuts U.S. harvest outlook \| Financial Post](https://feedsoft.ai/events/39163-soybeans-rally-after-usda-cuts-u-s-harvest-outlook-financial-post.md) | -0.3% | +4.9% |
| SOY | 2026-07-13 | [Corn Ending Stocks Fall Below Expectations in July WASDE](https://feedsoft.ai/events/18279-corn-ending-stocks-fall-below-expectations-in-july-wasde.md) | +0.7% | -3.3% |
| CORN | 2025-05-12 | [Report Snapshot \| Corn, soybean ending stocks well below expectations - Pro Farmer](https://feedsoft.ai/events/24605-report-snapshot-corn-soybean-ending-stocks-well-below-expectations-pro-farmer.md) | +0.0% | +1.9% |
| CORN | 2019-09-30 | [Corn and Soybean Stocks Come In Below Trade Expectations \| Red River Farm Network](https://feedsoft.ai/events/57013-corn-and-soybean-stocks-come-in-below-trade-expectations-red-river-farm-network.md) | -0.9% | +1.1% |
| CORN | 2026-07-13 | [Corn Ending Stocks Fall Below Expectations in July WASDE](https://feedsoft.ai/events/18279-corn-ending-stocks-fall-below-expectations-in-july-wasde.md) | +1.1% | -0.6% |

## Sources

- livemint.com: https://www.livemint.com/market/soybeans-corn-rally-after-usda-pegs-us-harvest-stocks-below-expectations-11794336087036.html

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