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Soybean futures rose 10 to 23 cents on January 21, 2025, after President Trump delayed new tariffs on China, Canada and Mexico to review trade agreements. Speculators moved to a net long position in soybean futures for the first time in over a year.
Delayed tariffs reduce the risk of disrupted soybean export demand, particularly from China, which supports US soybean prices.
barchart.comAustin SchroederJan 21, 2025After 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.
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.
