
Soybeans fell more than 12 cents in January contracts as Brazilian exports to China raised global competition concerns and traders took profits after a 16-month high. December corn fell 2.75 cents, with harvest about 83% complete, and wheat gained.
Expanded Brazilian soybean shipments to China increase global competition for US soybean sales, pressuring soybean and soybean meal prices, while corn moves reflect routine profit-taking.
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 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 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.
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.