
CBOT soybean futures closed lower on Wednesday after touching a two-week low as the US-China trade war raised concerns about export demand. July soybeans settled down 8-1/4 cents at $10.44-1/2 per bushel, their lowest since April 16.
China's agriculture ministry pledged to stabilize key agricultural supplies.
Trade-war fears reduce expected Chinese purchases of US soybeans, pressuring US soybean and soymeal prices while Brazilian supply gains share. Lower soybean futures also weigh on soymeal costs for feed buyers.
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 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% 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.