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CBOT soybean futures surged after USDA forecast stronger demand and tighter U.S. supply. The report provides no further figures or details.
Stronger projected demand alongside tighter supply supports soybean prices and can raise costs for buyers of soy-based feed ingredients.
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.
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.