
Chicago soybean futures slipped on December 1 as doubts grew over whether China would reach the 12-million-tonne purchase target by year-end. CBOT wheat also fell on abundant global supplies, and Argentina and Australia raised their crop estimates.
Slow Chinese buying of US soybeans and larger South American and Australian crops weigh on prices. Any shortfall against the purchase target would add further bearish pressure.
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.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.