
Corn and soybean prices rose after the November USDA supply-and-demand report. USDA raised its U.S. soybean export projection by 25 million bushels to 1.72 billion, but cut its corn export projection by 25 million bushels to 3.275 billion; an analyst said tighter projected supplies could support prices while longer-term export demand remains uncertain.
The stronger soybean export outlook supports demand, while lower corn exports partly offset the bullish effect of tighter corn supplies. Further demand growth would reduce available stocks and add upward price pressure.
After 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.
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.