
The analysis says U.S. soybean export sales have already covered about two-thirds of the season’s programme, while corn sales are lagging behind the export programme. It takes a bullish view on CBOT soybeans, Euronext milling wheat and corn, and ICE canola, a bearish view on CBOT corn, soybean meal and Euronext rapeseed, and a neutral view on CBOT SRW and HRW wheat and soybean oil.
Strong soybean sales imply firmer export demand and support soybean prices, while slower corn sales and a futures curve that rewards storage point to weaker U.S. corn demand and bearish pressure. Tighter European corn availability and lower stocks support European wheat and corn, while the article’s views differ across regional contracts.
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.
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.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.