Australian barley and grain markets are awaiting clarity on the US-China trade truce, with CBOT soybeans up 2.5% last week on hopes of sales. Rumours suggest China approved purchases of 5 million tonnes of US soybeans via Sinograin and COFCO.
Egypt and Russia also made wheat purchases in recent tenders.
Unconfirmed Chinese purchases support soybean prices, but a record Brazilian crop may cap gains until US sales are confirmed.
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.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% 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.