
USDA export inspections totaled about 3.05 million metric tons for the week ending Nov. 5, down from the prior week but above the year-earlier level.
Soybean inspections led at 1.90 million tons, with marketing-year-to-date soybean volumes well above last year; corn inspections were below the year-earlier week, while wheat inspections rose week over week but remained below last year.
Inspections indicate export demand and shipment flows: the strong year-to-date soybean comparison is supportive for soybeans, while lower year-over-year corn and wheat volumes point to softer export demand and may weigh on prices.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.