
US soybean sales to China have plunged as Brazil captures a larger share of Chinese purchases. US advocacy groups are promoting US crop quality against Brazilian beans, while modest pickups follow Chinese purchase commitments.
Brazil's growing share of China's import market caps US export demand, though recent Chinese commitments provide some support for US soybean prices.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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.