China's soybean demand has been weak, with buyers having taken about 13.7 million metric tons of US soybeans. US soybeans still face an additional 10% Chinese tariff imposed since the trade war began, which makes them uneconomical for commercial buyers.
The residual tariff keeps US beans uncompetitive versus Brazil for private crushers, limiting export demand and pressuring US soybean and meal prices.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.