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Soybean futures closed below $10.00 for the first time since April as sustained selling persisted through summer. China has not yet initiated purchases for 2025-26 US soybeans, and has begun buying Argentine soymeal instead.
Absent Chinese buying and with crushers shifting toward soyoil for biofuels, meal supplies grow and soymeal prices stay weak, favoring feed buyers.
profarmer.comLane AkreJul 30, 2025After 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 384 past bearish trade events, SBM moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
After 224 past bullish trade events, SBO moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% 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.
