
Soybean futures fell for a second session after a USDA weekly crop report raised U.S. soybean good-to-excellent ratings to 69% from 68%. Corn and wheat also declined amid plentiful global supplies.
Chinese absence from the market added to pressure.
Better crop ratings point to a larger U.S. harvest, which weighs on prices while export demand is missing. Corn and wheat weakness reflects ample global supply.
After 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 1,102 past bearish report events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 1,006 past bearish report events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), 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.