Corn fell 4 to 5 cents last week on concerns about a US-China trade war, though it recovered on Friday. Soybeans lost about 21 cents for May futures as China announced a 15 percent tariff list of 128 US products that excluded soybeans.
Argentina's corn and soybean crop estimates were lowered by the Buenos Aires Grain Exchange.
Chinese tariff threats weigh on US soybean demand and prices, while Argentine crop cuts provide offsetting support for corn and beans.
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 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.