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USDA export sales for the week ending October 29 rose for cotton and soybean meal, with Vietnam the leading buyer of both. Wheat and corn sales were mixed, and the next USDA supply and demand report is due November 10.
Higher soybean meal export sales draw supply from the US crush, which supports meal prices.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.