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Chicago soybeans, corn and wheat retreated from multi-year highs on March 10 as traders booked profits after the prior session's crude-driven rally. Most-active soybeans fell 0.27% to $11.93 a bushel and soyoil lost 1.39% to 65.18 cents per pound.
Trump said the US would waive some oil sanctions, possibly including Russian oil.
Soyoil and grains track crude through biofuel demand and fund flows, so the energy retreat weighs on prices, while Brazil's large crop and uncertain Chinese demand add pressure on soybeans.
brecorder.comReutersMar 10, 2026After 53 past bearish geopolitics events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -1.9% to +1.2%), and +1.0% over 20.
After 87 past bearish geopolitics events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +2.1%), and +0.3% over 20.
After 80 past bearish geopolitics events, Wheat (SRW) moved a median -0.4% over 5 sessions (44% higher; middle half -1.4% to +1.9%), and -0.5% over 20.
After 28 past bearish geopolitics events, Soybean Oil moved a median -2.7% over 5 sessions (21% higher; middle half -8.3% to -0.7%), and -2.1% 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.
