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Agricultural markets traded mixed as participants looked ahead to the October U.S. jobs report and next Tuesday’s USDA production and WASDE updates. A Reuters poll anticipated higher U.S. soybean production and stocks, but lower corn production and slightly lower corn stocks; the outlook also noted dry conditions across parts of Argentina and southern Brazil and broadly favorable dry weather for finishing U.S. harvest.
Expected larger soybean supplies are bearish for soybeans, while lower projected corn production and stocks are supportive for corn. Dry weather in parts of South America could add crop risk, but the near-term report expectations are the main price driver.
admis.comMark SoderbergNov 6, 2026After 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 1,040 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.
