# USDA Reports Leave Grain Markets Moving Sideways as Oklahoma Growers Weigh Wheat and ARC/PLC Decisions

> Oklahoma State crop marketing specialist Todd Hubbs reviewed the November WASDE, which lowered the US corn yield and raised soybean export projections. The USDA also cut HRW wheat exports by 10 million bushels, while Australian and Argentine wheat production estimates rose. Prices for corn and soybeans have since flattened or pulled back.

- Date: 2026-11-12 · published 2026-11-12T21:05:39.925Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/96448-usda-reports-leave-grain-markets-moving-sideways-as-oklahoma-growers-weigh
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lower US HRW export volumes and larger Southern Hemisphere wheat crops keep pressure on wheat prices. The corn yield cut is supportive, but the market has largely absorbed it.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2016-12-12 | [Grain market steady after USDA report - Farmers Weekly](https://feedsoft.ai/events/73541-grain-market-steady-after-usda-report-farmers-weekly.md) | +1.3% | +1.3% |
| CORN | 2025-01-10 | [Annual Crop Production Summary & Winter Wheat Seeding Reports Published by USDA - Oklahoma Farm Report](https://feedsoft.ai/events/13124-annual-crop-production-summary-and-winter-wheat-seeding-reports-published-by.md) | +3.2% | +5.6% |
| CORN | 2025-09-11 | [Grains rise on short covering as markets brace for USDA yield revisions - Brownfield Ag News](https://feedsoft.ai/events/7570-grains-rise-on-short-covering-as-markets-brace-for-usda-yield-revisions.md) | +6.1% | +4.5% |
| CORN | 2022-05-12 | [Key data in USDA's May 12 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/41349-key-data-in-usda-s-may-12-wasde-report-and-difference-from-market-expectations.md) | -0.3% | -0.9% |
| CORN | 2023-04-11 | [Key data in USDA's April 11 Wasde report, and difference from market expectations - Grain Price News](https://feedsoft.ai/events/36341-key-data-in-usda-s-april-11-wasde-report-and-difference-from-market.md) | +0.4% | +0.2% |
| SOY | 2016-12-12 | [Grain market steady after USDA report - Farmers Weekly](https://feedsoft.ai/events/73541-grain-market-steady-after-usda-report-farmers-weekly.md) | -0.1% | -3.1% |
| SOY | 2025-09-11 | [Grains rise on short covering as markets brace for USDA yield revisions - Brownfield Ag News](https://feedsoft.ai/events/7570-grains-rise-on-short-covering-as-markets-brace-for-usda-yield-revisions.md) | +3.8% | +2.4% |
| SOY | 2025-10-01 | [USDA Grain Stocks Report Surprises Corn and Wheat - RFD](https://feedsoft.ai/events/9845-usda-grain-stocks-report-surprises-corn-and-wheat-rfd.md) | +2.0% | +7.6% |

## Sources

- oklahomafarmreport.com: https://www.oklahomafarmreport.com/2026/11/12/usda-reports-leave-grain-markets-moving-sideways-as-oklahoma-growers-weigh-wheat-and-arc-plc-decisions/

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