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November soybean futures on the Chicago Board of Trade rose 3.2% to $9.5475 a bushel, a record gain for the contract, after USDA acreage data came in below expectations. Two wheat contracts rose to the exchange daily limit as spring wheat plantings fell to 10.9 million acres, below every analyst estimate.
Corn plantings of 90.9 million acres exceeded forecasts.
Lower-than-expected soybean and spring wheat acreage tightens expected supply and supports prices for soybean meal and wheat used in feed rations. Corn's larger-than-expected acreage partly offsets the bullish signal for feed grains.
theedgemalaysia.comNov 2, 2026After 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 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 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.
