
Pro Farmer's takeaways from the March WASDE note that U.S. corn, wheat and soybean carryout were unchanged, in line with analyst expectations. USDA raised soybean imports and crush by 5 million bushels each while leaving exports unchanged.
With U.S. soybean stocks steady at 350 million bushels and crush raised, meal demand is supported, but the lack of balance-sheet change keeps the price impact limited.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
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.
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.