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Chinese buyers are reportedly avoiding U.S. soybeans for January delivery and later over tariff uncertainty, favoring pricier Brazilian supply. As of mid-October, China's U.S. soybean bookings for 2024-25 were at a 16-year low excluding trade-war years.
Weak Chinese demand for U.S. beans shifts export sales toward Brazil and pressures U.S. soybean prices, while Brazilian premiums may firm.
reuters.comKaren BraunOct 31, 2024After 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.
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.
