
Chicago soybean futures rose $14.61 to $451.21 per tonne after the USDA monthly report showed ending stocks below expectations. The USDA put the US soybean crop at 124.5 Mt and corn stocks at 44.7 Mt, both below forecasts, and kept Brazil and Argentina soybean outputs unchanged.
A tighter-than-expected US soybean and corn balance sheet lifts prices for soybeans and their meals and oils, raising feed input costs for buyers.
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 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), 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.