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CBOT soybeans fell to a seven-week low on Monday, July soybeans down 8-1/4 cents at $10.33-1/2, and soyoil also hit its lowest since mid-April. Corn eased about 5-3/4 cents to $4.38-1/4 while wheat rose about 5 cents to $5.39 on short-covering after a Ukrainian drone attack on Russia.
Trade tensions with China and ample Brazilian supplies, with AgRural raising its Brazil soy forecast to 169 million tonnes, weighed on soybeans.
Trade friction with China and a large Brazilian crop pressure soybean and meal values, while Black Sea war risk supports wheat and cuts into feed grain cost competition.
grainews.caJulie Ingwersen, ReutersJun 2, 2025After 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 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.
After 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 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.
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.
On June 2 soyoil hit its lowest since mid-April alongside a soybean seven-week low, directly reflecting the day's selling pressure from trade tensions and ample Brazilian supply.
