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The USDA reported flash sales by private exporters of 315,000 tonnes of corn to Mexico and 136,000 tonnes of corn to South Korea for 2026/27 delivery, plus 134,000 tonnes of soybeans to unknown destinations. The sales were announced outside the regular weekly export report.
Flash sales confirm firm US export demand for corn and soybeans, supporting nearby futures and export basis. Traders will watch whether the unknown-destination soybean volume is later attributed to China, which would signal fresh Chinese buying.
dyax.ioNewsquawkNov 3, 2026After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.
