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Chicago soybean futures reached a 15-month high above $11 a bushel on optimism for a US-China trade deal ahead of a leaders' meeting. Corn and wheat also rose but closed below session highs as farmers sold into the rally.
Expectations of Chinese purchases lift soybean prices, and corn and wheat follow in sympathy. The rally may fade if the meeting does not deliver concrete purchase commitments.
grainews.caAbout the authorOct 29, 2025After 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 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), 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.
