
USTR Jamieson Greer said the US-China trade deals were not premised on the outcome of the Supreme Court tariff case. Soybean futures erased gains and ended slightly lower on Friday after the ruling, while corn and wheat held gains.
Analysts question whether China will follow through on soybean purchase pledges.
Uncertainty over whether China keeps buying US soybeans while Brazilian supplies are cheaper weighs on US soybean prices, though official assurances offer some support.
After 250 past neutral trade events, SOY moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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 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.