Loading…
Chicago soybean futures slumped as much as 3.5% on Monday, dropping below $12 a bushel. Trump said he could postpone a planned summit with Xi Jinping if Beijing does not help unblock the Strait of Hormuz.
China is the largest buyer of US soybeans, so doubt over the summit raises doubts about future purchases and pressures soybean prices lower.
bloomberg.comBen Westcott, Eleanor ThornberMar 16, 2026After 803 past bearish trade events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 683 past bearish trade events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
