Chicago grains closed lower on October 30, with December corn at a four-month low of $4.47 3/4 and January soybeans at $12.34 1/4. December Chicago wheat settled at $6.03 1/2, and December soybean meal fell $4.70 to a two-month low of $324.60 per short ton.
Broad grain weakness and falling soybean meal prices lower feed input costs for buyers, while soybean oil's small gain reflects steadier biofuel-linked support.
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 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.