The USDA report raised both production and yield to record levels, but the increases were smaller than expected; ending stocks were instead revised down to 300 million bushels (market expectation: 331 million), driven by strong exports. The demand increase offset the supply increase, and combined with no increase in South American production, CBOT soybeans' main contract rose 39.75 cents to 1,226.75 cents/bushel, the largest single-day gain in four months.