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Chicago soybean futures fell sharply, with the January contract down 14 cents, as weekly USDA net export sales were well below the previous week and no large Chinese purchases were reported. Corn futures mostly declined, pressured by the soybean selloff and position adjustments ahead of the USDA monthly supply-and-demand report.
Weak export sales and the absence of Chinese buying weigh on soybean demand expectations, while rain in Brazil adds to supply-side pressure. Corn also faced spillover selling, pointing to near-term bearish pressure on both markets.
fu.minkabu.jpMINKABU PRESSNov 5, 2026After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
