CBOT July soybeans closed down 36.5 cents at $11.92.5 after the Trump-Xi summit produced no increased agricultural purchase commitments. Treasury Secretary Bessent said China's existing commitment means soybeans are all taken care of.
USDA reported weekly export sales of 102,100 metric tons, a marketing-year low.
Analysts had expected no increase beyond the October commitments, and weak sales plus Brazilian competition lower demand expectations for US beans, soyoil and meal.
After 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 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 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% 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.
CBOT July soybeans fell 36.5 cents after the Trump-Xi summit produced no increased China purchase commitments, which matches the size of the drop.