Farmers reflect on a growing season defined by erratic weather and fickle policy

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.

• Jun 29, 2018Farming News - Market Update - New crop all about weather and politics+1.5%
• Jun 22, 2018Farming News - The ongoing trade dispute, weather & politics keep markets nervy-2.2%
• Jan 16, 2018USDA Trade Data Update: Focus on Soybeans and Grains - Farm Policy News+4.3%
• Apr 7, 2026Chinese pigs fed new menu as Beijing weans farmers off US soy | Reuters-0.4%
• Jul 31, 2018Senate Farm Bill Debate, House Vote on the Horizon - Farm Policy Facts+0.3%

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.

• Jan 16, 2018USDA Trade Data Update: Focus on Soybeans and Grains - Farm Policy News+9.3%
• Apr 7, 2026Chinese pigs fed new menu as Beijing weans farmers off US soy | Reuters+4.5%
• Mar 11, 2018New U.S. Tariffs Ramp-Up Fear of Ag Trade Retaliation; Soybean Growers Especially Worried | Farm Policy News | Illinois+0.3%
• May 10, 2023Soybeans face pressure on US planting weather, tepid China demand+2.3%
• Oct 3, 2025US soybean farmers, deserted by big buyer China, scramble for other importers | Reuters-0.0%

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.

• Nov 3, 2019'In the red this year': Tariffs on top of hot and dry growing season+0.9%
• Feb 6, 2018Sorghum farmers are the first victims in growing trade dispute between China and the U.S.+1.3%
• Sep 10, 2021Focus on USDA’s Supply and Demand Reports Today - Pro Farmer+1.1%
• May 17, 2019Trump says his trade policy is working. To some Wisconsin farmers, it's 'a kick in the teeth' | PBS News+1.6%
• Dec 18, 2022Mexico and U.S. Reach for January Agreement on GMO Corn Imports, as ERS Highlights Importance of Mexico's Corn Market - Farm Policy News+1.3%