China's September soybean imports fell to 11.88 million tonnes, down from August and sharply below a year earlier, erasing the year-to-date surplus over 2025. Corn imports reached their highest monthly level of the year, with Argentina remaining the top corn supplier.
A weaker Chinese soybean import pace tightens Q4 supply for exporters and supports Brazilian and US soybean prices, while higher corn imports add demand for corn exporters.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), 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.