USDA Reports Point to Muted Grain Price Action Amid Robust Global Stocks and Shifting U.S. Crop Numbers
Published . Updated .
Key takeaways
- In the latest Newsletter from OSU's Todd Hubbs he says the release of USDA’s Crop Production and WASDE reports on Tuesday saw NASS continue to vacillate on national corn yield and confirmed the underlying fundamental factors moving grain and oilseed markets recently.
- Exposed: DBA, WEAT, ADM, BG, DE
- Market reaction: WEAT +0.5% on the day (still updating); DBA +0.2% on the day (still updating); ADM +1.1% on the day (still updating)
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In the latest Newsletter from OSU's Todd Hubbs he says the release of USDA’s Crop Production and WASDE reports on Tuesday saw NASS continue to vacillate on national corn yield and confirmed the underlying fundamental factors moving grain and oilseed markets recently. Global
Directly affected
- No company is named in this report.
Indirectly affected
- DBA Invesco DB Agriculture Fund-6.1% 30d
Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “grain” (grains and farm goods) in this story.
- WEAT Teucrium Wheat Fund-2.5% 9d
Teucrium Wheat Fund: it follows farm commodity prices. Linked by “grain” (grains and farm goods) in this story.
- BG Bunge Global-7.1% 30d
Bunge Global (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “grain” (grains and farm goods) in this story.
- ADM Archer-Daniels-Midland-12.8% 30d
Archer-Daniels-Midland (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “grain” (grains and farm goods) in this story.
- DE Deere+0.1% 30d
Deere (farm machinery and equipment): crop traders and farm suppliers move with grain prices and trade. Linked by “grain” (grains and farm goods) in this story.
- CF CF Industries Holdings+6.2% 30d
CF Industries Holdings (agricultural chemicals): crop traders and farm suppliers move with grain prices and trade. Linked by “grain” (grains and farm goods) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| DBA | +0.65% | -0.59% | base | +0.19% | after close | after close | after close |
| WEAT | +1.45% | -0.21% | base | +0.48% | after close | after close | after close |
| BG | -2.36% | -0.23% | base | +0.67% | after close | after close | after close |
| ADM | +2.25% | +1.04% | base | +1.15% | after close | after close | after close |
| DE | -1.67% | -2.10% | base | +0.06% | after close | after close | after close |
| CF | -8.77% | -2.53% | base | +0.41% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
USDA Reports Point to Muted Grain Price Action Amid Robust Global Stocks and Shifting U.S. Crop Numbers Oklahoma Farm Report
Source: Oklahoma Farm Report
Invesco Db Agriculture Fund (DBA) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Archer-Daniels-Midland (ADM) | that day | +1.15% | still updating |
| Archer-Daniels-Midland (ADM) | three days earlier | +1.04% | final price |
| Archer-Daniels-Midland (ADM) | five days earlier | +2.25% | final price |
| Bunge Global (BG) | that day | +0.67% | still updating |
| Bunge Global (BG) | three days earlier | -0.23% | final price |
| Bunge Global (BG) | five days earlier | -2.36% | final price |
| CF Industries Holdings (CF) | that day | +0.41% | still updating |
| CF Industries Holdings (CF) | three days earlier | -2.53% | final price |
| CF Industries Holdings (CF) | five days earlier | -8.77% | final price |
| Invesco Db Agriculture Fund (DBA) | that day | +0.19% | still updating |
| Invesco Db Agriculture Fund (DBA) | three days earlier | -0.59% | final price |
| Invesco Db Agriculture Fund (DBA) | five days earlier | +0.65% | final price |
| Deere (DE) | that day | +0.06% | still updating |
| Deere (DE) | three days earlier | -2.10% | final price |
| Deere (DE) | five days earlier | -1.67% | final price |
| Teucrium Commodity Trust (WEAT) | that day | +0.48% | still updating |
| Teucrium Commodity Trust (WEAT) | three days earlier | -0.21% | final price |
| Teucrium Commodity Trust (WEAT) | five days earlier | +1.45% | final price |
Who gains and who loses around Invesco Db Agriculture Fund (DBA)
Companies carried with this story
- DBA Invesco Db Agriculture Fund
For “USDA Reports Point to Muted Grain Price Action Amid Robust Global Stocks and Shifting U.S. Crop Numbers,” Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence. Reason on file: Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “grain” (grains and farm goods) in this story
- WEAT Teucrium Commodity Trust
Teucrium Commodity Trust (WEAT) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “USDA Reports Point to Muted Grain Price Action Amid Robust Global Stocks and Shifting U.S. Crop Numbers.” Reason on file: Teucrium Wheat Fund: it follows farm commodity prices. Linked by “grain” (grains and farm goods) in this story
- ADM Archer-Daniels-Midland
For “USDA Reports Point to Muted Grain Price Action Amid Robust Global Stocks and Shifting U.S. Crop Numbers,” Archer-Daniels-Midland (ADM) is linked, with no stored direction, medium confidence. Reason on file: Archer-Daniels-Midland (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “grain” (grains and farm goods) in this story
- BG Bunge Global
Bunge Global (BG) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “USDA Reports Point to Muted Grain Price Action Amid Robust Global Stocks and Shifting U.S. Crop Numbers.” Reason on file: Bunge Global (fats and oils): crop traders and farm suppliers move with grain prices and trade. Linked by “grain” (grains and farm goods) in this story
- DE Deere
For “USDA Reports Point to Muted Grain Price Action Amid Robust Global Stocks and Shifting U.S. Crop Numbers,” Deere (DE) is linked, with no stored direction, medium confidence. Reason on file: Deere (farm machinery and equipment): crop traders and farm suppliers move with grain prices and trade. Linked by “grain” (grains and farm goods) in this story
- CF CF Industries Holdings
For “USDA Reports Point to Muted Grain Price Action Amid Robust Global Stocks and Shifting U.S. Crop Numbers,” CF Industries Holdings (CF) is linked, with no stored direction, medium confidence. Reason on file: CF Industries Holdings (agricultural chemicals): crop traders and farm suppliers move with grain prices and trade. Linked by “grain” (grains and farm goods) in this story
Invesco Db Agriculture Fund (DBA)
Invesco Db Agriculture Fund (DBA) is the company in “USDA Reports Point to Muted Grain Price Action Amid Robust Global Stocks and Shifting U.S. Crop Numbers,” the 11 Nov 2026 this story story.
What ties Invesco Db Agriculture Fund (DBA) to the headline is this: Invesco DB Agriculture Fund: it follows farm commodity prices. Linked by “grain” (grains and farm goods) in this story
A second company, Teucrium Commodity Trust (WEAT), is listed for a different reason: Teucrium Wheat Fund: it follows farm commodity prices. Linked by “grain” (grains and farm goods) in this story
The price range for Invesco Db Agriculture Fund (DBA), and the dates in the story
ADM traded between 68.91 and 84.18 across 20 sessions. The latest close on file is 69.30. DBA traded between 26.80 and 28.86 across 20 sessions. The latest close on file is 26.80. WEAT traded between 24.46 and 25.29 across 6 sessions. The latest close on file is 25.07.
How strong the case is around Invesco Db Agriculture Fund (DBA)
46 out of 100Price not final
“USDA Reports Point to Muted Grain Price Action Amid Robust Global Stocks and Shifting U.S. Crop Numbers” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.