StoneX reported that USDA HRW wheat ratings improved, with Kansas good/excellent up 11% to 54% and Nebraska up 21% to 69%. Soybean export inspections fell to 32.7 million bushels, the lowest since September, and canola was testing key support near 600 dollars.
Better HRW crop conditions reduce drought-related supply concern and weigh on HRW prices. Weak soybean export inspections point to soft demand for oilseeds and meal.
After 138 past bearish report events, Wheat (HRW) moved a median +0.0% over 5 sessions (50% higher; middle half -2.9% to +2.4%), and +0.5% 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.
Not enough comparable past events yet for a historical read.
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.