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Basis bids for corn and soybeans shipped by barge to Gulf export terminals were mixed, with deferred soybean premiums sharply lower. Trump signed an order adding a 40% tariff on Brazil, bringing the total to 50%.
Weaker Chinese demand and large expected harvests pressure soybean basis, while the new Brazil tariff could redirect export flows and support US export demand.
tradingview.comJul 30, 2025After 480 past neutral trade events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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 977 past trade events, SBM moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.8%), and +0.1% over 20.
Not enough comparable past events yet for a historical read.
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.
