The highly anticipated November USDA World Supply and Demand Estimates (WASDE) Report was released on November 14. This was the first WASDE report to be released since September 12, as there was no monthly WASFE report in October due to the shutdown of the federal government for 43 days that started on October 1. The USDA National Agriculture Statistics Service (NASS) also released the November Crop Production Report on November 14, which included updated 2025 crop yield projections for corn, soybeans, and other crops. This was the first update in U.S. crop yield estimates since the September report. USDA did modestly adjust the expected 2025 corn and soybean yields downward, but not nearly to the reduction levels that many farmers and grain marketing analysts were anticipating. The immedi

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