China crushers to crank up U.S. soy purchases in fourth quarter - traders

After 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.

• Aug 14, 2019Soybean prices rise on U.S.-China trade hopes | Financial Post-1.9%
• Sep 13, 2019Soybeans extend gains after big Chinese purchase fuels trade hopes | Financial Post+1.1%
• Nov 7, 2023EXCLUSIVE: China makes largest US soy purchases in months -traders | Reuters+2.1%
• Jun 19, 2020Chinese Purchases Likely to Pick Up Steam in 4th Quarter as It Tries to Fulfill Trade Commitments-0.4%
• Dec 10, 2019Soybeans extend gains as Chinese purchases stir hopes of U.S.-China deal | Financial Post+2.8%

After 224 past neutral trade events, SBM moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.

• Jun 2, 2020China buys U.S. soybeans after halt to U.S. purchases ordered: sources+1.9%
• Sep 8, 2018China ramps up soybean purchases in August but Brazilian supplies tipped to tighten | South China Morning Post-2.2%
• Sep 12, 2019Ahead of trade talks, China makes biggest US soybean purchases since June, traders say+0.7%
• Mar 25, 2020China's purchase of US soybeans spike in Jan-Feb under phase one deal-3.2%
• Jan 7, 2019U.S. farmers fret as Chinese soy purchases move elsewhere | Farmtario-1.5%