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Chicago corn and soybean futures rose toward multi-month highs after the US did not impose agricultural tariffs or prompt Chinese counter-tariffs on crop shipments. Wheat was unchanged amid weak demand, and rain in Argentina's central region eased dryness there.
The absence of tariffs keeps US export demand intact and supports corn and soybean prices, while Argentine rains partly offset that support by easing crop stress.
brecorder.comReutersFeb 7, 2025After 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.
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 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), 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.
