Soybean futures were fractionally mixed ahead of USDA crop production and WASDE reports, with analysts expecting higher U.S. yield, production and ending stocks. U.S. soybean harvest was 92% complete, and weekly export inspections fell from the prior week but remained above the same week last year; October Chinese soybean imports also declined from September.
Expectations for larger U.S. production and stocks could weigh on soybean prices, while strong year-over-year export shipments offer some demand support. Slower Chinese imports may temper expectations for near-term export demand.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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.