
US soybean and corn futures rose on short covering, with USDA cutting new-crop US soybean exports because of weak Chinese demand. South Korea bought 22,000 tons of US soybean oil for 2025/26, and corn yield estimates remain at record levels.
Lower US export projections raise ending stocks and weigh on prices, while the Korean soybean oil purchase supports soy oil demand.
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 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.