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USDA's November 10 report cut the corn yield more than expected and raised projected soybean exports, which offset a slightly larger soybean crop. Corn, soybeans and wheat rallied after a period of sustained selling.
A deeper corn yield cut tightens projected ending stocks, supporting corn prices. Whether the rally holds depends on demand follow-through, including Brazil's crop and China's soybean buying pace.
After 1,051 past bullish report events, Corn moved a median +0.6% 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.