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March soybeans rose 15 cents and CBOT wheat gained 13-3/4 cents, while March corn was roughly unchanged. Trump had issued no new tariff executive orders on his first day in office, and a weaker dollar helped futures.
Renewed concerns about Argentine crop conditions after limited weekend rains also supported prices.
Absence of new tariffs and a weaker dollar improve US export prospects, while Argentine drought concerns add support through potential South American supply shortfalls.
ukragroconsult.comJan 21, 2025After 696 past bullish trade events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 729 past bullish trade events, CORN moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 39 past bearish trade events, DXY moved a median -0.4% over 5 sessions (26% higher; middle half -1.1% to +0.0%), and -0.8% 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.
