
ADM's weekly summary says soybeans pulled back after a reaction to a mostly neutral USDA report, with talks on possible Chinese and Indian purchases and Taiwanese soy purchase interest. Soymeal stayed in its recent range after the USDA report left meal ending stocks unchanged.
December corn closed higher on Friday at its highest since July 3 after a slightly bearish USDA report that raised harvested acres.
Prospective Chinese, Indian and Taiwanese purchases support soybean demand, while unchanged meal stocks leave soymeal without a clear directional driver.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.