Soybean prices rise on U.S.-China trade hopes

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.

• Dec 12, 2019Corn, wheat, soy rally on U.S.-China trade hopes, export demand | Financial Post+3.9%
• Mar 4, 2020Soybeans rise on hopes for export demand, financial market gains | Financial Post-2.2%
• Sep 13, 2019Soybeans extend gains after big Chinese purchase fuels trade hopes | Financial Post+1.1%
• Dec 10, 2019Soybeans extend gains as Chinese purchases stir hopes of U.S.-China deal | Financial Post+2.8%
• Oct 14, 2020Soybeans rise on Chinese buying, dry Brazil weather | Financial Post+1.9%

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.

• Mar 20, 2020U.S. wheat, soy rise after export deals; corn sags on ethanol woes | Financial Post-0.6%
• Dec 23, 2021China to fall short on promises to U.S. as trade deal ends-0.7%
• May 2, 2020U.S. grains: Soybeans slide on renewed trade tensions with China - Grainews+1.9%
• Dec 7, 2022Wheat steadies after one-year low, soybeans hold firm | Financial Post+1.6%
• Dec 8, 2022China’s Brazilian corn haul surges; U.S. soy hopes briefly rise+1.0%