Soybeans settled lower for a third straight session after a flash sale of 120,000 metric tons to unknown destinations, possibly China. Analysts expect weekly soybean export sales for the week ended Oct.
22 to fall short of the prior week's 2.84 million tons, and China still has 30-35% of a 25 million ton new-crop commitment to fulfil.
Slowing export sales weigh on soybean prices unless China's remaining purchase commitment is executed, which would support prices and meal demand.
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 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.