Soybeans, corn and wheat posted modest gains in Chicago on November 10 as traders awaited the USDA’s supply-and-demand report. USDA crop-progress figures cited in the article put U.S. corn harvest at 81% and soybean harvest at 92% as of November 8, while expectations for the report included a possible cut to the corn estimate and an increase to the soybean estimate.
Harvest progress and expectations for USDA production estimates shaped near-term price positioning; a corn estimate cut could tighten expected supply, while a larger soybean crop could weigh on soy prices.
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 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.