# USDA grain reports show bullish surprises

> 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.

- Date: 2026-11-13 · published 2026-11-14T00:14:09.503Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/98627-usda-grain-reports-show-bullish-surprises
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-01-12 | [Grain prices soar on bullish USDA reports](https://feedsoft.ai/events/49089-grain-prices-soar-on-bullish-usda-reports.md) | +5.8% | +11.6% |
| CORN | 2022-03-31 | [USDA Report Bullish for Corn, Bearish for Soybeans](https://feedsoft.ai/events/42296-usda-report-bullish-for-corn-bearish-for-soybeans.md) | +4.1% | +5.9% |
| CORN | 2018-06-12 | [U.S. Grain Stocks Get Smaller, USDA Report Shows](https://feedsoft.ai/events/64478-u-s-grain-stocks-get-smaller-usda-report-shows.md) | -2.1% | -4.6% |
| CORN | 2020-12-03 | [Ag Markets Surprised by Stocks Report \| Feed & Grain](https://feedsoft.ai/events/49582-ag-markets-surprised-by-stocks-report-feed-and-grain.md) | +0.0% | +3.9% |
| CORN | 2024-09-30 | [USDA Releases Sept. 1 Grain Stocks, Small Grains Summary Reports](https://feedsoft.ai/events/28259-usda-releases-sept-1-grain-stocks-small-grains-summary-reports.md) | +1.0% | -0.6% |
| SOY | 2021-01-12 | [Grain prices soar on bullish USDA reports](https://feedsoft.ai/events/49089-grain-prices-soar-on-bullish-usda-reports.md) | +0.8% | +2.0% |
| SOY | 2018-01-01 | [USDA Reports Provide Some Surprises](https://feedsoft.ai/events/66854-usda-reports-provide-some-surprises.md) | +0.7% | +5.1% |
| SOY | 2018-06-12 | [U.S. Grain Stocks Get Smaller, USDA Report Shows](https://feedsoft.ai/events/64478-u-s-grain-stocks-get-smaller-usda-report-shows.md) | -4.7% | -10.6% |

## Sources

- enidnews.com: https://www.enidnews.com/news/business/column-usda-grain-reports-show-bullish-surprises/article_b2b5d91e-ad6a-4f52-9467-d5e32b46c63a.html

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