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September data showed soybean crushing and corn use for ethanol both declined from August, pointing to weaker domestic industrial demand. Wheat rallied at the start of the session but faded and traded sideways.
Lower crush and ethanol grind reduce demand for soybeans, meal and corn just as harvest supply rises, which is bearish for prices. Weak wheat follow-through suggests limited buying support.
brain.baselify.vnAndy HuynhNov 2, 2026After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
