
A reported sale of 136,000 tonnes of U.S. soybeans to China and expectations for the upcoming USDA report supported U.S. soybean and corn futures. In Brazil, weaker soybean meal and oil demand squeezed crushing margins, while soybean planting in Mato Grosso reached 96.07%; the article also cites a 23.3% year-over-year rise in October coffee shipments.
Chinese buying supports U.S. soybean demand and prices, while the impact of weaker meal and oil demand on crush margins may weigh on Brazilian processing demand. Faster planting in Mato Grosso reduces concern about delays to Brazil’s crop, though the cited USDA report could shift market expectations.
After 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.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.