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On November 5, Chicago wheat futures edged higher, supported by 538,000 tons of weekly export sales, including purchases by the Philippines and South Korea. Corn and soybean futures fell amid expectations for higher U.S. production, while soybean oil also declined; markets were positioning ahead of the USDA’s November 10 report.
Strong export demand supports wheat prices, while expectations of larger U.S. corn and soybean supplies weigh on those markets. The reported wheat sales also add demand support for U.S. wheat exports.
insights.tridge.comNov 6, 2026After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
After 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 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% 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.
