US soybeans reached new highs on Wednesday, with September futures up 26.25 cents and November up 28.25 cents. USDA reported a private sale of 333,000 metric tons to China for 2026/27, and Sinograin sold 222,782 tonnes of imported beans at auction.
Canola and European rapeseed also rose.
Chinese buying and firm meal prices support soy complex values, while stronger canola and rapeseed tighten alternative protein supplies for feed formulators.
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.
Not enough comparable past events yet for a historical read.
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.