
Front-month soybean futures rose 4–9 cents on Wednesday, while soybean meal and oil futures also gained. USDA data showed U.S. soybean ending stocks falling 15 million bushels to 300 million, mainly on higher export estimates, despite a modest increase in production; ANEC raised its estimate for Brazil’s November soybean exports by 1.04 million tonnes to 4.37 million tonnes.
Lower U.S. ending stocks and stronger export demand are supportive for soybean prices and can tighten availability for crushing, lending support to soybean meal and oil. Higher expected Brazilian exports could partly offset that support by adding near-term supply to the global market.
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 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.