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USDA's November 2026 WASDE projects 2026/27 world grain trade at 524.28 million tonnes, nearly unchanged from October, with coarse-grain trade raised and wheat trade slightly lowered. The U.S. total grain export forecast was cut to 109.40 million tonnes, with U.S. coarse-grain exports down 1.52 million tonnes.
Lower U.S. export expectations point to reduced American demand for corn and other coarse grains, which is bearish for US origin prices, while competition from other origins persists for dry-bulk cargo.
twsbrasil.comTWS Intelligence DeskNov 11, 2026After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
