USDA reported private exporters sold 132,000 metric tons of soybeans to China for delivery in the 2022/23 marketing year. Exporters also sold 110,000 metric tons of corn to Mexico for delivery in 2021/22.
New forward sales to China support US soybean demand and add to export commitments, which is mildly supportive for soybean prices. The corn sale to Mexico is a routine flow with limited price impact.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), 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.