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China's soybean buying from the US has picked up since the May Trump-Xi summit, with a 238,000-ton purchase reported by USDA. Buyers took advantage of lower prices, paying premiums of about $3.03 per bushel over November CBOT for US Gulf shipments.
Purchases at lower prices and premium payments support US soybean export basis and demand, though buying is policy-driven. Traders are watching for further signals before the September meeting.
farmpolicynews.illinois.eduRyan HanrahanAug 10, 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.
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.
