
Soybeans, corn and meal and oil futures rose on short covering ahead of USDA crop numbers, which were expected to trim yield. CONAB raised Brazil's soybean crop estimate to 141.47 million tons and its corn estimate to 139.7 million tons.
A larger Brazilian crop adds export supply and offsets US yield cuts, which caps feed-grain and meal price gains.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
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.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.