South American Soybean Production Impact

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.

• Feb 8, 2024USDA Trims South American Production, Raises U.S. Ending Stocks-1.6%
• Oct 26, 2026Improved US, South American Crop Outlook Weighs on Soybean Prices | CZ app-1.5%
• Jan 1, 2017Corn and Soybean Production Outlook in 2017-180.0%
• Jul 8, 2026Attachés offer South American soybean forecasts | The Western Producer+0.9%
• Nov 13, 2024China’s soybean production, imports steady | World Grain-0.5%

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.

• Jan 1, 2017Corn and Soybean Production Outlook in 2017-18+0.3%
• Dec 20, 2022South American corn and soybean outlook: Playing the odds+2.9%
• Sep 12, 2019USDA Lowers Corn, Soybean Production and Yield - ProAg+4.8%
• Sep 19, 2017Corn and soybean production outlook in 2017-18 | Illinois Extension | Illinois+0.2%
• May 12, 2022Corn, Soybean Production Numbers as Expected in May USDA Report-0.3%