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Chicago soybean and wheat futures fell sharply on Thursday, retreating from multi-month highs as signs of limited Chinese purchases of US goods tempered optimism after a bilateral trade truce. The most-active soybean contract ended down 26-3/4 cents at $11.07-1/2 after a 16-month peak the previous day.
Corn eased as the US harvest finished and South American planting conditions were favorable.
Lower expectations for Chinese purchases remove a key demand support, and soybeans still face a 13 percent Chinese tariff, which limits export competitiveness and pressures prices.
grainews.caNov 6, 2025After 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 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
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.
Wheat and soybeans plummeted from multi-month highs as limited Chinese demand dampened optimism about the trade truce.
