Loading…
The USDA’s November WASDE cut its forecast for US corn stocks by 2.3 million tonnes, about ten times the reduction traders had expected, after lowering the US yield forecast. The report also raised Ukraine’s corn carryout by 2.0 million tonnes to a six-year high as exports were forecast lower, while the analysis said Russia and Ukraine’s shipping crisis was squeezing other wheat-exporting origins.
The larger-than-expected US corn stock reduction tightens expected supply and supports corn prices; lower Black Sea exports can shift demand toward competing origins and support wheat prices. Higher Ukrainian corn carryout partly offsets the export constraint for corn.
crmagri.comMike VerdinNov 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 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% 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.
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.
