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Wheat rose sharply after USDA projected a big drop in winter wheat production. Soybeans and soybean meal and oil rose on fund buying and strong crush expectations, and old crop soybean stocks fell.
US and China were set to hold a trade meeting, with possible new crop soybean sales.
Lower wheat supplies lift feed wheat values, while a possible US-China soybean deal could support soybean and meal prices. Stronger crush margins tighten meal supply, supporting soybean meal.
brownfieldagnews.comJohn PerkinsMay 12, 2026After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), 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.
Brownfield reports wheat rose sharply on the big drop in winter wheat production.
