Twelve years later the locks still not replaced

Not enough comparable past events yet for a historical read.

After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.

• Aug 28, 2018Trump's Farmer Bailout: Half Now, the Rest Later – Maybe-0.3%
• Sep 23, 2025EU to delay anti-deforestation law by another year | Reuters-0.0%
• Apr 1, 2024The EU Deforestation Regulation: Getting started now-0.5%
• Dec 18, 2025EU countries approve year-long delay to deforestation law | Reuters+0.5%
• Nov 27, 2025EU backs another one-year delay for EUDR antideforestation law-1.1%

After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.

• Aug 28, 2018Trump's Farmer Bailout: Half Now, the Rest Later – Maybe+0.8%
• Mar 11, 2020U.S. farmers still dependent on trade aid after China deal-6.0%
• Mar 13, 2019The Release of China’s Rice Stocks Could Impact Global Feed Markets | Economic Research Service+4.3%
• Oct 7, 2019RFS deal may not offer saving grace+3.7%
• Jun 24, 2026China Urges Pig Breeders to Cut Capacity After Prices Fall to 10-Year Low-2.3%