
Soybeans hit limit down on Monday, with the May contract down 5.7% at lunchtime and set to post the biggest one-day drop since July 2021. Wheat also fell, and the selloff followed Trump's comments that he may delay his China visit.
Fund long positions were unwound as hopes for a China trade deal faded, which pressures soybean and wheat prices in the near term.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
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.
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.