# Local grain market adjusted quotations after the USDA report

> Chicago rose after the USDA monthly report projected US soybean output of 124.48 million tonnes, below expectations, with lower ending stocks. Corn firmed on lower US production and stocks, while wheat bids in Rosario fell despite moderate international gains.

- Date: 2026-11-11 · published 2026-11-12T13:36:16.091Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/95599-local-grain-market-adjusted-quotations-after-the-usda-report
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower US soybean and corn supply estimates support global prices, while weak local wheat bids show domestic demand pressure that can widen basis for exporters.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-06-28 | [USDA acreage report shocks the market](https://feedsoft.ai/events/58542-usda-acreage-report-shocks-the-market.md) | -1.7% | -0.5% |
| SOY | 2018-03-30 | [The soybean market is shocked by the USDA report](https://feedsoft.ai/events/66080-the-soybean-market-is-shocked-by-the-usda-report.md) | -1.1% | +0.0% |
| SOY | 2021-03-04 | [Grain Transportation Report, March 4, 2021](https://feedsoft.ai/events/48010-grain-transportation-report-march-4-2021.md) | +0.1% | +1.8% |
| SOY | 2022-12-09 | [Key data in USDA's December 9 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/38184-key-data-in-usda-s-december-9-wasde-report-and-difference-from-market.md) | -0.9% | +1.2% |
| SOY | 2023-10-12 | [Key data in USDA's October 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/33587-key-data-in-usda-s-october-12-wasde-report-and-difference-from-market.md) | +4.7% | +7.7% |
| CORN | 2022-08-12 | [Key data in USDA's August 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/39958-key-data-in-usda-s-august-12-wasde-report-and-difference-from-market.md) | -0.7% | -1.6% |
| CORN | 2021-03-04 | [Grain Transportation Report, March 4, 2021](https://feedsoft.ai/events/48010-grain-transportation-report-march-4-2021.md) | +3.9% | +7.2% |
| CORN | 2024-03-21 | [Grain Transportation Report, March 21, 2024](https://feedsoft.ai/events/16559-grain-transportation-report-march-21-2024.md) | -3.0% | -7.2% |

## Sources

- radarbalcarce.com: https://radarbalcarce.com/nota/el-mercado-de-granos-local-ajusto-sus-cotizaciones-tras-el-informe-q3am52q

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