
Soybean futures eased early Wednesday after rallying Tuesday following the USDA report. The report raised the U.S. soybean yield estimate to 53.3 bushels per acre but lowered projected U.S. ending stocks to 300 million bushels, mainly on higher exports; USDA also reported a 150,000-tonne private sale to Mexico.
The lower ending-stocks forecast and stronger export projection tighten the expected U.S. balance sheet and support soybeans, while the early pullback shows prices retreating after Tuesday’s rally.
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.