Will smaller U.S. corn, soy crops shrink even further yet?

After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.

• Feb 24, 2017USDA Forum: USDA sees smaller corn, soybean and wheat crops in 2017+1.5%
• Sep 30, 2020U.S. Corn, Soybean Piles Get Smaller, USDA Says+5.1%
• Nov 25, 2020Smaller crops, higher prices for corn, soy | 2020-11-25 | Food Business News-3.2%
• Mar 1, 2023Corn, soybean usage cuts overshadow smaller Argentine crops+2.3%
• Sep 30, 2022Can analysts dodge yet another U.S. corn, soy 'stock shock' on Friday?-3.7%

After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.

• Sep 30, 2020U.S. Corn, Soybean Piles Get Smaller, USDA Says+8.2%
• Nov 25, 2020Smaller crops, higher prices for corn, soy | 2020-11-25 | Food Business News-2.2%
• Mar 1, 2023Corn, soybean usage cuts overshadow smaller Argentine crops+2.6%
• Jun 30, 2021Smaller-than-expected U.S. corn, soy acreage stokes price rally+1.8%
• Jun 10, 2022USDA Sees Smaller Soybean Stocks for Old and New Crops+0.3%

After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.

• Sep 30, 2020U.S. Corn, Soybean Piles Get Smaller, USDA Says+1.3%
• Apr 8, 2022USDA Raises Soybean Exports Estimate, but Gro Predicts Demand Will Increase Further-0.1%
• Nov 1, 2023September corn grind, soybean crush both up on year - Brownfield Ag News+0.3%
• Jul 19, 2022Soy Oil Fueling Crush Expansion: A Ten-Year Outlook - Rabobank-4.4%
• Jan 11, 2022South America’s Soy and Corn Crops at Risk of Production Declines, Gro Models Show 11.01.2022 - UkrAgroConsult-0.7%