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USDA reduced its corn yield estimate, tightening projected corn carryout to below 1.8 billion bushels; corn futures initially rose before giving back part of their gains. Soybean ending stocks fell to 300 million bushels from 315 million after USDA raised its export-demand forecast, and soybean futures gained about 40 cents.
The report was described as neutral for U.S. wheat supply and demand, while higher global wheat carryout limited buying.
Lower corn and soybean supply projections support prices, while the stronger soybean export forecast tightens U.S. availability. Higher world wheat stocks limit the potential for wheat to follow the row-crop rally.
barchart.comOliver SloupNov 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 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
