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CBOT soybean futures rose for a second straight session after the USDA lowered its outlook for US soybean supply. The cut followed the agency's latest report, which pointed to tighter domestic availability.
A smaller US supply estimate reduces exportable soybeans and supports futures, which can lift soymeal and soyoil costs for feed buyers. Continued firmness suggests the report's supply cut is being priced in.
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.