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China's state grain companies have bought roughly 15 million tonnes of US soybeans for 2026-27, with cargoes booked in mid-October and the week of October 23. Commercial buyers remain largely absent because of the tariff, leaving the trade dependent on state purchases well short of the 25 million tonne target.
Continued state buying supports US soybean demand and absorbs harvest selling, but the dependence on state buyers means the price support is limited relative to a full commercial recovery.
global-agriculture.comGlobaladminOct 26, 2026After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
