Soybean futures fell 9 to 17 cents on Friday and soymeal dropped about $7 to $14.10 in front months. USDA reported a 111,000 MT soybean sale to China, managed money cut its record long, and Sinograin plans to auction 543,000 MT of imported beans.
Corn sales commitments reached 20.631 MMT, more than double last year.
Ahead of the Trump-Xi meeting, Sinograin's auction adds Chinese supply, and strong US corn commitments support corn prices, while soy complex sentiment stays weak.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), 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.
Meal led soy futures lower with a $7 to $14.10 drop as funds trimmed record longs, which indicates a liquidation-driven selloff that may overlap with the move, but the report is dated after Sept 17.