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Chinese state traders bought about 1 million tons of US soybeans on a Friday, according to traders. USDA confirmed Chinese purchases of nearly half a million tons in a separate report, with at least eight cargoes bought.
Large state-directed Chinese buying supports US soybean export demand and prices. The purchases reflect trade-truce commitments rather than purely commercial demand.
reuters.comNaveen ThukralAug 3, 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 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.
