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A USDA attaché projected Brazil's 2026-27 soybean harvest at 184.0 million tons, indicating a supply picture less threatening than weather watchers expected. Crude oil was reported above $105 a barrel and the US dollar had strengthened sharply, while soybean market sentiment was weak.
A large Brazilian crop keeps export availability ample and pressures soybean prices, while higher crude oil supports vegetable oil demand through biofuels and a stronger dollar weighs on dollar-denominated exports.
adalytica.comOct 31, 2026After 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 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.
After 53 past bullish report events, US Dollar (Broad) moved a median +0.1% over 5 sessions (51% higher; middle half -0.4% to +0.5%), 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.
