
U.S. grain markets opened mixed: corn edged higher, soybeans steadied after a long losing streak, and wheat remained weak. Traders were watching Tuesday’s USDA reports, with survey estimates pointing to lower U.S. corn production than USDA’s October estimate but higher soybean production, as well as planned U.S.-Russia-Ukraine talks in the UAE and U.S. pressure on China to meet farm-purchase commitments.
Expected USDA revisions and uncertainty over Chinese purchases could shift U.S. export availability and demand expectations. The reported market moves were modest, with corn firmer, soybeans steady and wheat under pressure ahead of the data and talks.
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.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.