# Chicago commodity futures roil as U.S. debt ceiling talks halt | Financial Post

> CBOT soybean futures fell sharply to the lowest since July on technical selling and poor US export demand. A forecast for a bigger Brazilian soybean crop added pressure. Corn and wheat were choppy, with July HRW wheat touching its lowest since May 5 after a Kansas yield estimate at its lowest since at least 2000.

- Date: 2023-05-19 · published 2023-05-19T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/7843-chicago-commodity-futures-roil-as-u-s-debt-ceiling-talks-halt-financial-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Bigger Brazilian soybean supply and weak US export demand push soybean and meal prices lower, while poor Kansas yields provide some wheat support. Feed buyers face mixed pressure across grains.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: neutral
- KWHEAT: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2023-05-18 | 5 | -8.9% | -2.8 | Soybeans fell to the lowest since July on technical selling, poor export demand and a bigger Brazil crop forecast. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-04-10 | [Is China avoiding U.S. commodities as a political stunt?](https://feedsoft.ai/events/14758-is-china-avoiding-u-s-commodities-as-a-political-stunt.md) | -2.5% | +4.9% |
| SOY | 2021-12-02 | [China to cut U.S. soy imports after shipping delays clip export window \| Financial Post](https://feedsoft.ai/events/43629-china-to-cut-u-s-soy-imports-after-shipping-delays-clip-export-window-financial.md) | +2.7% | +8.1% |
| SOY | 2020-11-25 | [Chinese buyers look to cancel U.S. soybean orders as processing margins shrink \| Financial Post](https://feedsoft.ai/events/50175-chinese-buyers-look-to-cancel-u-s-soybean-orders-as-processing-margins-shrink.md) | -3.2% | +5.7% |
| SOY | 2018-07-10 | ['China has crashed the price': Canadian farmers collateral damage in China-U.S. trade war - Financial Post](https://feedsoft.ai/events/64041-china-has-crashed-the-price-canadian-farmers-collateral-damage-in-china-u-s.md) | -2.6% | +3.0% |
| SOY | 2025-07-25 | [U.S. grains: Chicago wheat futures dip on global supply pressure; corn, soybeans fall - AgCanada](https://feedsoft.ai/events/23793-u-s-grains-chicago-wheat-futures-dip-on-global-supply-pressure-corn-soybeans.md) | -4.2% | +3.0% |
| SBM | 2021-12-02 | [China to cut U.S. soy imports after shipping delays clip export window \| Financial Post](https://feedsoft.ai/events/43629-china-to-cut-u-s-soy-imports-after-shipping-delays-clip-export-window-financial.md) | +2.0% | +13.8% |
| SBM | 2020-11-25 | [Chinese buyers look to cancel U.S. soybean orders as processing margins shrink \| Financial Post](https://feedsoft.ai/events/50175-chinese-buyers-look-to-cancel-u-s-soybean-orders-as-processing-margins-shrink.md) | -2.2% | +5.7% |
| SBM | 2024-05-30 | [China Turns to Exporting Livestock Feed on Weak Domestic Demand \| Financial Post](https://feedsoft.ai/events/30231-china-turns-to-exporting-livestock-feed-on-weak-domestic-demand-financial-post.md) | -3.0% | -3.6% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/chicago-commodity-futures-roil-as-u-s-debt-ceiling-talks-halt

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.