
Chicago soybean futures rose slightly on bargain buying, but gains were capped after China left soybeans off its list of US farm products eligible for tariff cuts. Wheat firmed after a six-week low on hopes that diplomacy could ease Black Sea export disruptions.
Corn rose 0.3%.
China's exclusion of soybeans keeps US export demand limited just as harvest begins, which caps upside for soybean and meal prices.
After 250 past neutral trade events, Soybeans 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 (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.