
CBOT corn and soybean futures fell on Thursday, with corn near a four-month low and soybeans at a two-and-a-half-month low, amid expectations for large U.S. crops. Analysts expect USDA to trim its corn estimate slightly but still show the second-largest crop on record, and raise its soybean estimate to a record; StoneX also increased its U.S. crop forecasts.
Large expected U.S. supplies raise prospective availability and weigh on corn and soybean prices, with the market awaiting updated USDA estimates.
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 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.
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.