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USDA cut its national corn yield forecast on Nov 10, and its 2026/27 corn export forecast was lowered to 83.19 million tonnes. Soybean yield forecasts were raised.
A Japanese trading analyst treats the Oct 27 CBOT corn price as a base and expects a bottom to form in November, with Dec corn at about $4.49 on Nov 10.
The yield cut supports corn prices, but weaker export demand limits the rally. Traders are watching whether the December contract's delivery period brings a bottom, which would matter for feed corn costs.
shikyo.officialblog.jpNov 10, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
