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Michigan Farm Bureau reported that the February WASDE was largely a non-event, with the only notable change being the 100 million bushel corn export increase. Soybeans rose about 10 cents after the report, driven by a presidential statement that China's Xi committed to buy 8 million more metric tons of US soybeans this marketing year.
Expected Chinese purchases of US soybeans support soybean prices and shift export destinations, while the corn balance change adds modest support.
michiganfarmnews.comDennis Rudat, Jon Adamy, Farm News MediaFeb 10, 2026After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), 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.
