
ADM's Mark Soderberg reports corn fell $0.15-$0.17 and soybeans dropped $0.24-$0.28 on July 7, 2025. Announced reciprocal tariffs on Japan and South Korea were flagged as a threat to US corn exports, since those two countries are major corn buyers.
Brazil's second-crop harvest was well behind the prior year's pace.
Tariff risk on key Asian corn buyers reduces export demand and pressures US corn prices, while Brazil's slow harvest is a partial offset.
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 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 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), 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.