
Paris wheat futures rose 1.3% and Chicago contracts gained 3.1% during the week as hopes for a US-China trade agreement lifted grain markets. Wheat, soybean and corn futures all moved higher after comments from the President during his Asia trip.
Argentine wheat competitiveness may weaken as the peso strengthens, while the EU faces weaker maize and sunflower forecasts.
Trade optimism lifts grain futures broadly, while a stronger Argentine peso and weaker EU coarse-grain crops tighten regional export supply.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
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.
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.
US-China trade hopes after the President's Asia comments lifted Chicago wheat, supplying a sentiment and demand catalyst for the rally.
Grain futures including soybeans rallied on US-China trade deal hopes after the weekend framework, a sentiment/demand driver consistent with the Monday jump.