Chicago commodity futures roil as U.S. debt ceiling talks halt

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.

• Apr 10, 2024Is China avoiding U.S. commodities as a political stunt?-2.5%
• Dec 2, 2021China to cut U.S. soy imports after shipping delays clip export window | Financial Post+2.7%
• Nov 25, 2020Chinese buyers look to cancel U.S. soybean orders as processing margins shrink | Financial Post-3.2%
• Jul 10, 2018'China has crashed the price': Canadian farmers collateral damage in China-U.S. trade war - Financial Post-2.6%
• Jul 25, 2025U.S. grains: Chicago wheat futures dip on global supply pressure; corn, soybeans fall - AgCanada-4.2%

After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.

• Dec 2, 2021China to cut U.S. soy imports after shipping delays clip export window | Financial Post+2.0%
• Nov 25, 2020Chinese buyers look to cancel U.S. soybean orders as processing margins shrink | Financial Post-2.2%
• May 30, 2024China Turns to Exporting Livestock Feed on Weak Domestic Demand | Financial Post-3.0%
• Apr 4, 2025COMMODITIES Oil sinks to pandemic lows; metals, soybeans slump as China retaliates+3.2%
• Jan 30, 2024China Witnesses Decline in Soyoil and Meal Futures Amidst Demand Slowdown+1.4%

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.

• Dec 10, 2019Soybeans extend gains as Chinese purchases stir hopes of U.S.-China deal | Financial Post+4.3%
• Oct 11, 2019Day 1 of U.S.-China trade talks ends with hopes for limited deal+2.8%
• Sep 21, 2021USTR talks trade with China, Mexico, Canada, future partnerships | Capital Press+1.8%
• Aug 9, 2017NAFTA Talks and Future Plans-3.3%
• Jan 25, 2018Council Engaged In NAFTA Talks During Latest Round in Montreal - U.S. Grains & BioProducts Council+0.1%

After 20 past neutral trade events, Wheat (HRW) moved a median -0.7% over 5 sessions (30% higher; middle half -4.1% to +1.4%), and -4.0% over 20.

• Nov 1, 2024U.S. grains: Corn ticks up on export demand, easing harvest pressure - Grainews-0.0%
• Dec 15, 2016Premiums Rise as Supplies of High Protein Wheat Fall - U.S. Wheat Associates+2.2%
• Dec 15, 2023Strong export demand boosts wheat, corn performance - Agweek | #1 source for agriculture news, farming, markets0.0%
• Nov 2, 2023Ag Market Update: Wheat Prices Drop, China Becomes Top Wheat Importer, and Soybean Complex Dynamics - IASG+2.3%
• Sep 29, 2017EU wheat eases after U.S. data, Algeria tender gives export boost-4.1%