
Chinese importers face much higher costs to buy an additional 8 million metric tons of US soybeans, since Brazilian supplies are far cheaper in peak export season. Beijing could still order purchases by state grain companies to please Trump ahead of his planned April China visit.
Chicago soybeans traded near a two-month high on expectations of Chinese demand.
Possible state-directed buying would add demand for US soybeans even without commercial economics, supporting US soybean prices.
After 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.