# Nov WASDE for Prairie Grain: Tight Soy, Heavier Wheat

> 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.

- Date: 2026-11-11 · published 2026-11-12T03:06:49.848Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/94782-nov-wasde-for-prairie-grain-tight-soy-heavier-wheat
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- SBO: neutral
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-07-10 | [July WASDE data proved helpful for grain prices](https://feedsoft.ai/events/10788-july-wasde-data-proved-helpful-for-grain-prices.md) | +1.3% | -1.9% |
| SOY | 2020-11-12 | [November WASDE Report Tightens Soybean Stocks](https://feedsoft.ai/events/12423-november-wasde-report-tightens-soybean-stocks.md) | +2.8% | +0.8% |
| SOY | 2025-08-13 | [WASDE projects record corn crop, tighter soybeans, wheat under pressure \| Saxo](https://feedsoft.ai/events/23266-wasde-projects-record-corn-crop-tighter-soybeans-wheat-under-pressure-saxo.md) | +0.1% | -0.6% |
| SOY | 2021-11-10 | [USDA November WASDE Reports Recap \| Feed & Grain](https://feedsoft.ai/events/44003-usda-november-wasde-reports-recap-feed-and-grain.md) | +4.3% | +5.1% |
| SOY | 2026-03-13 | [Grain Journal \| Soymeal Steals Spotlight in March 2026 WASDE](https://feedsoft.ai/events/20256-grain-journal-soymeal-steals-spotlight-in-march-2026-wasde.md) | -3.7% | -3.1% |
| CORN | 2026-07-10 | [July WASDE data proved helpful for grain prices](https://feedsoft.ai/events/10788-july-wasde-data-proved-helpful-for-grain-prices.md) | +2.1% | +0.8% |
| CORN | 2019-12-03 | [Grain crop review for November 2019](https://feedsoft.ai/events/55433-grain-crop-review-for-november-2019.md) | -3.7% | +0.7% |
| CORN | 2022-04-22 | [North America faces high feed prices, tight grain supply \| Feed Strategy](https://feedsoft.ai/events/41977-north-america-faces-high-feed-prices-tight-grain-supply-feed-strategy.md) | -0.2% | -2.1% |

## Sources

- pgi.klarenbach.ca: https://pgi.klarenbach.ca/p/wasde-through-a-prairie-lens-tight-soy-heavier-wheat-pgi-nov-11-2026

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