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Grain and oilseed markets fell as traders worried about possible new Trump tariffs on China and other countries. Canola rallied strongly over the past month but was taking profit, and palm oil weakness pulled soybean oil down two cents per pound.
Tariff fears weigh on export demand expectations for US grains and oilseeds, while palm oil weakness pressures soyoil and canola prices.
stonex.comCraig TurnerNov 12, 2024After 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 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
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.
