
USDA export inspections for the week ending October 26 showed 92.1 million bushels of soybeans, with China taking more than three-quarters. Corn inspections fell to 20.4 million bushels, below trade estimates, and wheat came in at the low end of expectations.
Strong soybean shipments to China support soybean prices, while weak corn and wheat inspections point to softer demand for those grains. Year-to-date soybean volume is still behind the 2016 pace.
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 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), 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.