# USDA report sends some grain markets higher amid lower supply outlook

> Grain markets rallied after USDA's November WASDE report, with corn, soybeans and wheat posting gains despite several bearish projections. The report cut corn production by 141 million bushels, lowering the yield estimate by 1.5 bushels per acre, and cut the season-average corn price forecast to $4.60 per bushel. Soybean ending stocks were projected to fall by 15 million bushels on higher seed use.

- Date: 2026-11-11 · published 2026-11-12T03:05:50.760Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/94771-usda-report-sends-some-grain-markets-higher-amid-lower-supply-outlook
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower U.S. corn output and tighter soybean ending stocks reduce feed grain and soymeal supply, supporting prices for feed buyers. The reversal from October's lows shows the market reacting to the production cut rather than the bearish demand adjustments.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-08-13 | [USDA surprise report is a market game changer - HighLine Grain Growers, Inc](https://feedsoft.ai/events/45504-usda-surprise-report-is-a-market-game-changer-highline-grain-growers-inc.md) | -1.7% | -9.0% |
| CORN | 2025-07-14 | [USDA forecasts lower corn supplies, higher biofuel demand in latest outlook \| Feed & Grain](https://feedsoft.ai/events/23712-usda-forecasts-lower-corn-supplies-higher-biofuel-demand-in-latest-outlook-feed.md) | +0.9% | -1.2% |
| CORN | 2022-05-12 | [USDA Supply/Demand Summary - May 2022 — The Hightower Report](https://feedsoft.ai/events/41351-usda-supply-demand-summary-may-2022-the-hightower-report.md) | -0.3% | -0.9% |
| CORN | 2021-02-22 | [USDA supply outlook pushes soybeans to second session of gains - Markets - Business Recorder](https://feedsoft.ai/events/48687-usda-supply-outlook-pushes-soybeans-to-second-session-of-gains-markets-business.md) | +1.6% | -3.4% |
| CORN | 2023-10-12 | [CBOT weekly outlook: Markets react bullishly to USDA report - AgCanada](https://feedsoft.ai/events/33588-cbot-weekly-outlook-markets-react-bullishly-to-usda-report-agcanada.md) | -0.4% | -1.5% |
| SOY | 2021-08-13 | [USDA surprise report is a market game changer - HighLine Grain Growers, Inc](https://feedsoft.ai/events/45504-usda-surprise-report-is-a-market-game-changer-highline-grain-growers-inc.md) | -5.6% | -9.0% |
| SOY | 2021-02-22 | [USDA supply outlook pushes soybeans to second session of gains - Markets - Business Recorder](https://feedsoft.ai/events/48687-usda-supply-outlook-pushes-soybeans-to-second-session-of-gains-markets-business.md) | +2.0% | +2.8% |
| SOY | 2023-10-12 | [CBOT weekly outlook: Markets react bullishly to USDA report - AgCanada](https://feedsoft.ai/events/33588-cbot-weekly-outlook-markets-react-bullishly-to-usda-report-agcanada.md) | +4.7% | +7.7% |

## Sources

- aol.com: https://www.aol.com/articles/usda-report-sends-grain-markets-232404000.html

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