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CBOT November soybeans fell 12 to 14 cents to their lowest since July 17 on forecasts of beneficial August rains in the Midwest. USDA lowered the good-to-excellent soybean rating below expectations, though strong export demand limited losses.
Bunge raised its full-year profit forecast on strong crush margins.
Improving Midwest moisture outlook lowers weather risk premium and pressures soybean and meal prices, while firm crush margins support demand for soybean meal and oil.
insights.tridge.comJul 30, 2026After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 55 past neutral weather events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -1.7% to +1.5%), and +0.1% over 20.
After 184 past bullish weather events, Soybean Oil moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
