CBOT soybean prices fell after the Trump-Xi meeting produced no new purchases of US soybeans, pulling down corn and wheat. USDA reported 102,100 tonnes of old crop soybean export sales, a marketing-year low, and an analyst said soybeans were already overbought.
Brazilian export and crop estimates were also reported.
No new Chinese purchases and weak US export sales, combined with rising Brazilian supply, weigh on soybean complex prices.
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 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 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 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.
CBOT fell under the weight of soybeans after no new China purchases, with weak old-crop export sales and an overbought market adding to the selling.