# A Bullish Surprise: USDA's WASDE Report Sparks Massive Corn and Soybean Rally

> USDA's November 10 WASDE cut the national corn yield to 179.6 bushels per acre from 181.2 in October, lowering the 2026/27 crop estimate to 15.893 billion bushels. Soybean futures rallied about 43 cents and corn rose roughly 10 cents after the report, which also defied trade expectations for a large soybean yield increase.

- Date: 2026-11-11 · published 2026-11-12T00:09:05.607Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/94340-a-bullish-surprise-usda-s-wasde-report-sparks-massive-corn-and-soybean-rally
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A smaller US corn crop and tighter ending stocks raise feed grain costs for buyers and support corn and soybean prices. The lower carryout leaves less room for error if South American supplies disappoint.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-09-12 | [WASDE sparks a corn, soybean rally – The Seam](https://feedsoft.ai/events/39609-wasde-sparks-a-corn-soybean-rally-the-seam.md) | -1.1% | -1.5% |
| CORN | 2022-03-31 | [USDA Report Bullish for Corn, Bearish for Soybeans](https://feedsoft.ai/events/42296-usda-report-bullish-for-corn-bearish-for-soybeans.md) | +4.1% | +5.9% |
| CORN | 2024-09-13 | [WASDE Report Spurs Wheat & Corn Price Rally, Soybeans Lag \| tastylive](https://feedsoft.ai/events/28257-wasde-report-spurs-wheat-and-corn-price-rally-soybeans-lag-tastylive.md) | +2.9% | +3.8% |
| CORN | 2024-11-08 | [USDA Surprisingly Lowers Corn and Soybean Yield and Ending Stocks in WASDE - AgWeb](https://feedsoft.ai/events/13135-usda-surprisingly-lowers-corn-and-soybean-yield-and-ending-stocks-in-wasde-agweb.md) | -1.4% | -2.0% |
| CORN | 2018-05-10 | [WASDE delivers bullish corn, soybean news](https://feedsoft.ai/events/64967-wasde-delivers-bullish-corn-soybean-news.md) | +0.5% | -2.5% |
| SOY | 2022-09-12 | [WASDE sparks a corn, soybean rally – The Seam](https://feedsoft.ai/events/39609-wasde-sparks-a-corn-soybean-rally-the-seam.md) | -2.7% | -8.2% |
| SOY | 2022-10-12 | [Turner's Take Ag Markets \| WASDE Bullish Soybeans and Bearish Corn/Wheat](https://feedsoft.ai/events/39095-turner-s-take-ag-markets-wasde-bullish-soybeans-and-bearish-corn-wheat.md) | -0.3% | +4.9% |
| SOY | 2024-11-08 | [USDA Surprisingly Lowers Corn and Soybean Yield and Ending Stocks in WASDE - AgWeb](https://feedsoft.ai/events/13135-usda-surprisingly-lowers-corn-and-soybean-yield-and-ending-stocks-in-wasde-agweb.md) | -2.9% | -2.1% |

## Sources

- michiganagtoday.com: https://www.michiganagtoday.com/2026/11/10/a-bullish-surprise-usdas-wasde-report-sparks-massive-corn-and-soybean-rally/

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