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CBOT soybean futures closed lower on February 26 as the South American harvest advanced and a record Brazilian crop was widely forecast. Traders also worried about retaliation to US tariffs on Mexico and China scheduled for March 4, ahead of USDA's outlook conference.
A large Brazilian harvest adds export competition and tariff retaliation risk threatens US soybean and meal demand, both pressuring prices lower.
tradingview.comFeb 26, 2025After 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.
