
Chicago soybean futures opened higher on Monday, recovering part of their recent losses as traders reacted to new U.S. sales to China and positioned ahead of Tuesday’s USDA supply-and-demand report. Expectations for a record U.S. crop and abundant global supplies continued to cap gains; soybean oil was also higher, while soybean meal traded lower.
Chinese purchases support soybean demand and prices, but expectations of ample U.S. and global supply constrain the upside for soybeans and related products.
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 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 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% 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.