The USDA report raised both production and yield, setting records, but the increases were smaller than expected. Ending stocks were instead revised downward to 300 million bushels (market expectation: 331 million), due to strong exports. The increase in demand offset the increase in supply, and combined with no increase in South American production, the CBOT soybean main contract rose 39.75 cents to 1,226.75 cents/bushel, the largest single-day gain in four months.