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Grain and livestock futures closed higher on Friday, with corn and soybeans posting strong closes driven largely by fund short covering. Soybeans gained after a constructive call between Presidents Xi and Trump that is expected to lead to trade negotiations.
Analysts noted hot, dry weather forecasts but little weather premium in grain prices.
Short covering and hopes for US-China trade talks support soybean and corn prices, while hot, dry forecasts could add weather premium if they persist into the growing season.
agweb.comMichelle RookJun 6, 2025After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
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 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.
