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Soybean futures rallied on continued Chinese purchases of U.S. beans. Corn ended the week with small gains, while wheat faltered.
Export inspections for the week ending September 5 showed weak corn and wheat shipments, and soybean inspections were 33.3 million bushels.
Ongoing Chinese buying supports soybean and meal prices. Weak wheat export inspections add pressure on wheat, and corn is steady given mixed signals.
farmprogress.comNational Hog Farmer StaffSep 13, 2019After 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 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
