
Chicago soybeans eased from a 16-month high as traders awaited confirmed Chinese purchases of US cargoes, while wheat hit its highest in over three months and corn slipped. Brazil's soybean planting reached 47% as of the prior Thursday, behind last year's pace due to irregular rainfall.
Pending Chinese purchases remain the key driver for soybean prices, while slow Brazilian planting raises some South American supply risk but is not yet a major factor.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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.
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.
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.