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Gulf soybean barge bids softened on Monday even as CBOT soybean futures jumped nearly 2% on the US-China agreement to cut tariffs temporarily. The US will reduce tariffs on Chinese goods from 145% to 30% for three months, while China cuts duties on US goods from 125% to 10%.
Higher futures and a brisk US planting pace weigh on cash basis, while the tariff truce supports export demand and overall soybean prices.
tradingview.comMay 12, 2025After 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 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
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.
