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CBOT soybean futures closed lower on trade tensions between the US and China and fast US planting progress. China's agriculture ministry announced a feed-saving plan to cut grain use in livestock feed to about 60% and soymeal content to about 10%.
USDA confirmed private sales of 110,000 tonnes of US soybeans.
China's plan to cut soymeal inclusion reduces future meal demand from the largest importer, which is bearish for soybean meal and soybeans, while US planting progress adds supply pressure.
tradingview.comApr 29, 2025After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
