Soybean Fund Rises 2.8% as US Cuts Corn Yield | Grains Wrap, Nov 10
The soybean fund SOYB rose 2.78% and corn 1.11% on 10 November after the US cut its corn yield estimate. What it means for Brazil's record crop. The post Soybean Fund Rises 2.8% as US Cuts Corn Yield | Grains Wrap, Nov 10 appeared first on The Rio Times .
Grain prices experienced a rise across the board on Tuesday, November 10, 2026, following the US Department of Agriculture's (USDA) monthly supply report. This report reported a decrease in the expected American corn crop and reduced estimates of grain stored. Among the grains, soybeans outperformed, with the SOYB fund reaching a 2.78% increase.
Corn rose 1.11% and wheat gained 0.46%. These gains came after a month marked by significant losses for soybeans (-5.16%) and corn (-6.11%). The report's impact was evident, as soybeans surged to a positive day, while corn and wheat showed modest gains. The primary driver behind the price increase was the smaller US supply, which led to higher prices.
However, a record soybean crop in Brazil was expected to have a more substantial effect on prices as it would enter the market from early next year.
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