Following the USDA report, soybeans closed positively after an initial bearish reaction to a projected record national yield. Frontier Futures broker Adam Knosalla says export and crush demand, including biodiesel-related crush, are strong enough to absorb the crop and may exceed USDA's current crush projections.
Strong export and crush demand could firm soybean, soybean oil and meal prices if final yields fall short of the record USDA forecast, while a larger crop would otherwise weigh on prices.
Not enough comparable past events yet for a historical read.
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.