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The November USDA report raised US wheat ending stocks by 3 million bushels to 743 million, with global wheat ending stocks up 4.78 million tonnes to 280.82 million. Global soybean stocks fell to 123.50 million tonnes, and USDA cut the US corn production forecast by 141 million bushels.
Russia, Ukraine and US peace talks in Abu Dhabi continued without a breakthrough.
Higher wheat stocks add supply and pressure prices, while lower soybean and corn stocks support prices for those grains and the feed ingredients made from them.
wecommodity.comThắng CommodityNov 12, 2026After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
