Chicago soybean futures finished slightly higher on Friday but posted a second weekly loss, with November soybeans ending at $10.13-3/4. Around 40 Argentine soybean cargoes were registered for November and December shipment, mostly to China, after Argentina briefly suspended grain export taxes and then reinstated them.
Chinese purchases of Argentine beans displace US demand during the prime US marketing season, keeping soybean prices capped.
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 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.