U.S. soybeans rose for a sixth straight session after China offered at least 1 million tonnes of new tariff waivers for January and February shipment. Corn and wheat were little changed, and traders are watching a possible U.S.-China deal before new tariffs take effect on December 15.
Renewed Chinese buying and tariff waivers improve export demand for U.S. soybeans, but prices remain sensitive to whether a trade deal is reached before the tariff deadline.
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 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), 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.