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Futures attempted a rebound after Monday's sell-off but made limited gains despite weaker crop ratings. China lifted tariffs on feed imports from some neighboring countries to replace lost US supplies.
Persistent trade disputes and China's shift to other feed suppliers weigh on US export demand for grains and soybeans. Feed buyers may see continued pressure on US prices as trade flows reroute.
farmprogress.comJun 26, 2018After 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 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.
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.
