The November WASDE cut US soybean ending stocks to 300 million bushels, a four-year low, and lowered the corn yield by 1.6 bushels per acre to 179.6. January soybean futures rose more than 35 cents to $12.24 and December corn climbed to $4.51.
Tighter US soybean and corn stocks reduce export availability and support prices across grain and feed markets. Mexican importers face higher costs as North American supplies tighten.
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.
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.
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.