
US Gulf soybean barge bids strengthened on Wednesday on continued exporter demand, while corn barge bids eased slightly. The USDA confirmed private sales of 167,000 metric tons of US soybeans to Spain, with November soybean CIF bids up 1 cent to 116 cents over CBOT futures and corn bids down 1 cent to 93 cents over futures.
Firm export demand supports soybean basis and Gulf barge values, while softer corn bids and slowing farmer sales add pressure to corn; the net effect is modest given small one-cent moves.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.
Not enough comparable past events yet for a historical read.
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.