USDA NOV 10 Report | Bullish For Corn & Beans

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.

• May 9, 2018Wheat drops 1% ahead of USDA report-1.7%
• Jun 12, 2020USDA Reports Review - ProAg-4.1%
• Jun 20, 2023Not much action in USDA's June WASDE report+2.9%
• May 12, 2025Report Snapshot | Corn, soybean ending stocks well below expectations - Pro Farmer+2.0%
• Jan 12, 2023Corn and soybean production down in 2022, USDA reports Corn stocks down, soybean stocks down from year earlier Winter Wheat Seedings up for 2023+1.2%

After 40 past report events, Brazilian Real (BRL per USD) moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.3%), and -0.2% over 20.

• Sep 2, 2022Brazilian Corn and Soybean 2022/2023 Crop Preview | Weekly Crop Update-1.3%
• Apr 11, 2025Brazil’s poultry industry surges amid rising global demand - USDA FAS | The Poultry Site-1.9%

After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% over 20.

• Apr 4, 2025USDA February 2025 Dairy Products Report | The Bullvine+1.5%
• Dec 10, 2025USDA Lowers 2026 Milk Production, Cheese And Butter Price Forecasts - Cheese Reporter-0.8%
• Sep 12, 2025USDA Lowers Most 2025, 2026 Dairy Price Forecasts; CME Butter Price Falls Below $2.00 - Cheese Reporter+0.2%
• Nov 14, 2025USDA resumes monthly WASDE report with November estimates | Ag Proud+0.1%
• Sep 11, 2026USDA Raises 2026, 2027 Milk Production Forecasts; Price Forecasts Mixed - Cheese Reporter-0.3%

After 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.

• Jul 12, 2023USDA Report Bearish News for Corn and Soybeans+1.5%
• Aug 12, 2019Corn futures fall 6% after bearish USDA crop report; soybeans down 1.3%-0.1%
• Mar 9, 2017USDA Report: Soybeans get a bearish surprise+0.7%
• Mar 30, 2018Planting report bullish+1.6%
• Jan 12, 2022PF Report Reaction: USDA report data relatively mild for corn and soybeans - Pro Farmer+3.9%