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Wheat led gains on July 25 on talk of further crop losses in Europe, while soybeans were modestly higher. Corn rose on ethanol production at a new weekly high and domestic demand.
Talks on a possible US-EU trade deal including soybeans were reported after a Trump-Juncker meeting.
Possible trade deal progress could ease export pressure on US soybeans, while European crop losses support wheat and feed grain prices.
brownfieldagnews.comJul 25, 2018After 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 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 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 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.
