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A US Soybean Export Council official said Sino-US soybean trade is complementary and should continue, speaking at the China International Supply Chain Expo. She noted China's US soybean imports peaked at 36 million tons in 2017 and now sit near 25 million tons.
The comments are promotional and describe no new supply or demand shock, so they have little direct effect on soybean prices.
en.ce.cnliaoyifanNov 30, 2024After 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.
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.
