January soybeans fell 1% to $12.02 1/4 after StoneX raised its 2026 US soybean yield to 55 bushels per acre and its corn yield to 183.1 bushels per acre. USDA reported a flash sale of 167,000 tonnes of soybeans to Spain, and US ethanol output reached its second-highest weekly level on record.
Bigger US yield estimates point to abundant soybean and corn supplies, bearish for soybean meal and feed grains, while the Spain sale offers limited support.
After 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 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.