
USDA's November report raised Ukraine's 2026/27 feed grain production forecast by 400,000 metric tons to 39.49 million, with other feed crops lifted to 7.69 million tons. The agency cut Ukraine's export forecast by 2 million tons in the same report.
A larger Ukrainian feed grain crop adds supply, but the export cut keeps less of it available for international buyers, so the net effect on world feed grain prices is limited. Export forecasts matter most for corn and barley pricing.
After 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.
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.