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Chicago soybean futures were mixed, with the January contract gaining 5.5 cents to $11.9375 per bushel, as traders covered short positions ahead of the USDA monthly supply-and-demand report. A reported large Chinese soybean purchase and expectations that USDA would lower its U.S. production and ending-stock forecasts also supported prices; corn futures edged higher, though gains were limited.
Chinese buying adds demand support for U.S. soybeans, while anticipated tighter USDA balances could reinforce a firmer tone in both soybean and corn markets. The moves reported were modest and partly driven by position adjustment ahead of the report.
fu.minkabu.jpMINKABU PRESSNov 6, 2026After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
