A Slight Surprise for Soybeans in Friday’s Report

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.

• Oct 1, 2026A Bearish Surprise | Red River Farm Network+0.3%
• Mar 10, 2022Few Surprises in Supply/Demand Report | Red River Farm Network-2.2%
• Jun 11, 2020World Numbers a Bright Spot in USDA Report | Red River Farm Network+0.7%
• Sep 30, 2019Corn and Soybean Stocks Come In Below Trade Expectations | Red River Farm Network+3.8%
• Sep 29, 2020USDA’s Approach on Crop Report a ‘Head Scratcher’ | Red River Farm Network+2.5%

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.

• Sep 30, 2019Corn and Soybean Stocks Come In Below Trade Expectations | Red River Farm Network+3.1%
• May 10, 2018A Clearer Picture of Bean Demand | Red River Farm Network-3.2%
• Nov 11, 2019USDA Forecasts Production Declines for Minnesota | Red River Farm Network+0.7%
• Jul 15, 2024USDA report highlights Mexico's soybean meal import surge | Feed & Grain-7.5%
• May 12, 2025USDA May report: Record corn crop, tight soybean stocks for 2025-26+1.3%

After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

• Dec 8, 2023No Surprises in Stocks Report | Red River Farm Network-2.7%
• Apr 8, 2022Few Surprises in April WASDE Report | Red River Farm Network-0.7%
• Jul 12, 2021Grain Stocks Surprise Traders in the July WASDE Report | Red River Farm Network-6.7%
• Dec 11, 2019More Details Expected in January WASDE Report | Red River Farm Network+5.1%
• Mar 13, 2019In Market-Moving Report Month, NASS Ends Field Surveys for Corn, Soybeans+4.3%