
Chinese state buyers purchased 8-10 Panamax cargoes of US soybeans, about 520,000-650,000 tonnes, for December shipment, with premiums of $3.10-3.20 per bushel over January CBOT futures. The article notes these premiums reflect physical export markets rather than futures or farm-gate prices.
The purchases signal renewed Chinese demand for US beans that supports export basis and farm sentiment, though commercial demand remains constrained by tariffs.
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.
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.