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USDA announced flash sales of 315,000 tonnes of corn to Mexico, 136,000 tonnes to South Korea and 134,000 tonnes of soybeans to unknown destinations. Soybeans were down 10-11 cents, corn down 1-2 cents and wheat up 1-2 cents early Wednesday, with StoneX raising its US corn and soybean yield estimates.
New export sales to Mexico and South Korea support corn demand, while the StoneX yield increase is a bearish offset. Soybean weakness reflects harvest pressure and technical selling near the 200-day moving average.
americanagnetwork.comNov 4, 2026After 480 past neutral trade 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 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 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.
