Loading…
Following the USDA inventory and acreage report, soybean, wheat and corn futures rallied in Chicago. Chinese agricultural futures also rebounded, with soybean meal and rapeseed meal closing up by the daily limit.
USDA data showed corn stocks at 4.447 billion bushels, the highest since 1988.
The USDA report surprised the market and triggered a broad grain and meal rally, lifting feed ingredient prices. Analysts expect the rebound to be limited without a sustained bull trend.
mysheen.comNov 1, 2026After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), 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.
