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Soybeans and soybean meal eased on profit taking after China trade talks and reports that unknown buyers booked 264,000 tons of new-crop U.S. beans. Corn also slipped modestly, while Brazil's Petrobras said it will cut diesel prices by 10% to help end a trucker strike.
Ongoing China tariff uncertainty and Brazil's strike-related diesel relief both shape export flows and freight costs, with the cut in Brazilian diesel easing transport pressure.
brownfieldagnews.comMay 24, 2018After 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 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
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.
