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Pro Farmer reports soybeans 3 to 5 cents lower and corn and wheat steady to slightly higher before the open on November 2. USDA reported daily corn sales of 1.73 million tonnes to Mexico and 136,000 tonnes of soybeans to China, while China's non-soy US farm purchases were the lowest since 2019 through September.
Heavy fund liquidation and falling crude oil weigh on soybeans, while China's shortfall in non-soy purchases raises doubts about the trade deal and Mexico's corn buying offers some support.
profarmer.comLane AkreNov 2, 2026After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.
After 80 past bearish trade events, Crude Oil (WTI) moved a median -2.2% over 5 sessions (30% higher; middle half -6.9% to +0.8%), and -1.5% 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.
