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Soybeans rose on commercial and technical buying after China bought 198,000 tons of new-crop U.S. soybeans. Corn also firmed, while South Korea and Israel made smaller corn purchases.
Weather in South America and U.S. Midwest maturity conditions were also in focus.
A new Chinese purchase of U.S. new-crop soybeans supports export demand and prices. The purchase is modest in size, so the effect is limited.
brownfieldagnews.comJohn PerkinsSep 13, 2017brownfieldagnews.comJohn PerkinsSep 15, 2017After 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 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 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.
After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), 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.
