
Chinese soybean crushers report short supplies and warn of possible delays getting beans to ports due to coronavirus transport restrictions. Delayed Brazilian shipments caused by February rains have cut Chinese soybean inventories to record lows.
Record-low Chinese inventories and transport disruptions increase import demand for soybeans and support soybean and meal prices, while logistics delays could tighten near-term supply to crushers.
After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% over 20.
After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% 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.