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COFCO, China's state-owned buyer, purchased three US soybean cargoes of about 180,000 metric tons for December-January shipment, its first purchases from the current US harvest, according to trade sources. The purchases came shortly before a summit between Trump and Xi.
The first purchases of new-crop US beans signal some demand return, but traders expect limited sustained demand because of heavy recent South American buying, so the price impact is modest.
reuters.comElla Cao, Naveen ThukralOct 29, 2025After 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.
