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The USDA's November World Agricultural Supply and Demand Estimates report was friendlier to markets than recent reports. It showed strong soybean exports, steady corn demand, soybean yields rising less than expected and corn yields lower than expected.
Wheat rose alongside corn and soybeans, though the report offered little support for wheat.
Lower corn yields and firm export demand for soybeans tighten the U.S. balance sheet, which supports feed grain and soymeal prices for buyers. Analysts expect the rally to face resistance, so price direction after the report remains uncertain.
agweek.comMichael JohnsonNov 13, 2026After 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.
