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Soybeans lost an early overnight rally as traders awaited Tuesday’s USDA production and WASDE reports. The outlook also noted favorable rainfall across major Brazilian growing areas and in central and southern Argentina, dry conditions that could advance U.S. harvest, and lower energy prices.
Beneficial South American rainfall could support crop prospects and weigh on soybean prices if it improves yield expectations. The market is also exposed to USDA estimate changes and shifting U.S.-China purchase expectations.
admis.comMark SoderbergNov 9, 2026After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), 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.
