Wheat cash prices fell on rising supply despite Black Sea risks. US wheat export inspections dropped 22% week on week, and fund positioning weighed on sentiment.
China's purchases of US soybeans reached nearly 70% of its commitment.
Lower US wheat export inspections and rising supply weigh on wheat prices, while China's soybean buying progress supports US soybean demand.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 82 past bearish trade events, Wheat (HRW) moved a median -0.3% over 5 sessions (48% higher; middle half -2.8% to +1.9%), and +0.1% over 20.
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.
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.