# Analysis of October USDA WASDE - Russia, Ukraine exports cut, highlighting squeeze on other origins

> 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.

- Date: 2026-11-10 · published 2026-11-11T00:06:46.147Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/92375-analysis-of-october-usda-wasde-russia-ukraine-exports-cut-highlighting-squeeze
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-05-02 | [Setting the Record Straight on Ukraine’s Grain Exports](https://feedsoft.ai/events/14303-setting-the-record-straight-on-ukraine-s-grain-exports.md) | +0.9% | +5.7% |
| CORN | 2022-09-30 | [GRAINS-Wheat Soars on U.S. Output Cuts, Russian Annexation of Ukraine Land](https://feedsoft.ai/events/39603-grains-wheat-soars-on-u-s-output-cuts-russian-annexation-of-ukraine-land.md) | +1.0% | +3.8% |
| CORN | 2022-03-10 | [Impacts of Russia-Ukraine War On Grain Markets Detailed In USDA Report \| Hoosier Ag Today](https://feedsoft.ai/events/42325-impacts-of-russia-ukraine-war-on-grain-markets-detailed-in-usda-report-hoosier.md) | +2.5% | +11.8% |
| CORN | 2024-04-11 | [Here's Why Analysts Are Scratching Their Heads After USDA's New WASDE Report](https://feedsoft.ai/events/30670-here-s-why-analysts-are-scratching-their-heads-after-usda-s-new-wasde-report.md) | -0.4% | +0.8% |
| CORN | 2018-06-12 | [U.S. grains: Wheat surges after USDA cuts Russian output estimate - Grainews](https://feedsoft.ai/events/64555-u-s-grains-wheat-surges-after-usda-cuts-russian-output-estimate-grainews.md) | -2.1% | -4.6% |
| WHEAT | 2024-05-02 | [Setting the Record Straight on Ukraine’s Grain Exports](https://feedsoft.ai/events/14303-setting-the-record-straight-on-ukraine-s-grain-exports.md) | +2.1% | +14.9% |
| WHEAT | 2023-12-08 | [Wheat, corn and soybean highlights of USDA’s December WASDE report \| The Mighty 790 KFGO \| KFGO](https://feedsoft.ai/events/32639-wheat-corn-and-soybean-highlights-of-usda-s-december-wasde-report-the-mighty.md) | -4.0% | +1.2% |
| WHEAT | 2022-09-30 | [GRAINS-Wheat Soars on U.S. Output Cuts, Russian Annexation of Ukraine Land](https://feedsoft.ai/events/39603-grains-wheat-soars-on-u-s-output-cuts-russian-annexation-of-ukraine-land.md) | +0.4% | -10.7% |

## Sources

- crmagri.com: https://crmagri.com/latest/analysis-of-october-usda-wasde-russia-ukraine-exports-cut-highlighting-squeeze-on-other-origins

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