
China imported no soybeans from the US in September, the first zero month since November 2018, down from 1.7 million tons a year earlier. Brazil supplied 85.2% of China's imports as South American shipments surged, with tariffs and depleted old-crop US supplies cited as reasons.
Zero Chinese imports from the US reflect lost export demand, pressuring US soybean prices while Brazil gains market share and supplies ample export availability.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.