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US and China declared a trade truce, with China reportedly agreeing to buy more US agricultural and energy products, lifting grain futures and soybeans in particular. Corn planting reached 81% by May 20, matching the five-year average.
Prospective Chinese purchases of US soybeans support soy prices and export demand, while steady planting progress limits corn weather premium.
farmprogress.comMay 26, 2018After 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.
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.
