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USDA's November WASDE tightened the U.S. soybean and corn balance sheets, with soybean ending stocks cut 15 million bushels to 300 million and corn yield lowered 1.6 bu/ac to 179.6. World wheat ending stocks rose 4.78 million tonnes to 280.82 million on bigger crops in Argentina, Australia, Kazakhstan and Ukraine.
ICE January canola settled up C$13.00 to C$770.40 on Nov. 10.
A smaller U.S. soybean carryout and lower corn yield support oilseed and feed grain prices, with spillover to canola. Heavier world wheat supplies are a bearish offset for wheat, partly tempered by slower Black Sea exports.
pgi.klarenbach.caTrent Klarenbach, BSA AgEc, PAgNov 11, 2026After 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.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
