
US grain futures fell sharply as the federal government shutdown, now the longest on record, kept key USDA crop, export and supply-demand reports unavailable. Soybeans fell more than 2%, corn dropped 1.25% to 1.5%, and winter wheat lost over 3% on some contracts.
Traders also cited Chinese buying uncertainty and broad risk-off pressure.
Missing USDA export and supply data increases volatility and reduces visibility for traders, while doubts over Chinese buying remove demand support and push prices lower.
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 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 138 past bearish report events, Wheat (HRW) moved a median +0.0% over 5 sessions (50% higher; middle half -2.9% to +2.4%), and +0.5% 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.