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An Allendale analyst said USDA made no changes to U.S. wheat production or export estimates in its latest WASDE report, with any minor revisions likely deferred to January. He also noted that production is rising among some Southern Hemisphere wheat exporters, including Argentina and Australia, as their harvests progress.
Unchanged U.S. wheat estimates provide little new price impetus, while increased output from export-oriented competitors could add to exportable supplies and weigh on wheat prices.
oklahomafarmreport.comNov 10, 2026After 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.
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.
