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CBOT wheat futures closed higher on November 11, 2026, with December SRW up 6.75 cents to $5.995 per bushel and KC HRW and Minneapolis spring wheat also gaining. Corn eased slightly despite the USDA's November WASDE cutting US corn production by 3.57 mln tons to 403.7 mln tons on a lower yield, while soybean futures closed higher after USDA raised the US soybean yield and lowered projected ending stocks.
A smaller US corn crop tightens feed grain supply, yet corn prices held near flat as higher global corn stocks offset the cut. Lower US soybean ending stocks support soybean and meal prices, while the wheat gains reflect broader grain strength after the report.
ukragroconsult.comNov 12, 2026After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 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 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 180 past bullish report events, Wheat (HRW) moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% 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.
