US soybean trade with China already strained before Trump's return

After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.

• Jul 1, 2021Bumper U.S. Corn and Soybean Harvests Are Within Reach-4.1%
• Jul 12, 2018China cuts soybean import forecast in face of trade war+1.5%
• Jan 9, 2023Report: China's soybean imports will decline by 2030 | Feed & Grain+2.4%
• Nov 13, 2024China’s soybean production, imports steady | World Grain-0.5%
• Apr 11, 2023USDA Forecasts Steady U.S. Corn and Soybean Supplies+2.0%

After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.

• Jul 1, 2021Bumper U.S. Corn and Soybean Harvests Are Within Reach-3.6%
• Jul 12, 2018China cuts soybean import forecast in face of trade war-1.4%
• Jan 9, 2023Report: China's soybean imports will decline by 2030 | Feed & Grain+1.7%
• Nov 13, 2024China’s soybean production, imports steady | World Grain-1.8%
• Aug 15, 2025Global soybean meal trade to set record for third straight year+5.3%