
Soybean oil futures fell to their lowest in over three months after Argentina moved to temporarily scrap export tariffs on its crop cargoes. Soybeans also dropped to a one-month low as China stays out of the US market.
Argentina's duty-free exports add supply to the global soy complex while China demand for US beans is absent, pressuring US soybean and soyoil prices lower.
After 152 past bearish trade events, SBO moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.
After 803 past bearish trade events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 224 past neutral trade events, SBM moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.