Loading…
USDA's November crop report cut corn production, while soybean production rose slightly to a new record. The corn balance sheet improved relative to October, but soybean supply remained tight.
Analysts expected the report to shift the balance sheet outlook more than the earlier forecasts had suggested.
Lower corn production tightens feed grain supplies for livestock buyers and supports corn prices. Soybean supply remains a challenge, which keeps soybean meal and oil costs firm.
enidnews.comNov 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.
