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Chicago soybean futures hit a nearly 10-month high as the US-China tariff truce and a proposal to extend a US biofuel tax credit lifted demand hopes. Wheat rebounded from a nearly five-year low and corn was mixed, while USDA prepared $12 billion in farm subsidies.
Expected biofuel demand support and possible Chinese purchases underpin soybean and soyoil prices, though uncertainty about the truce's expiry limits conviction.
grainews.caMay 14, 2025After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% 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.
