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China's soybean imports from the US rose 13-fold year on year in September to 1.71 million tons, the sixth straight monthly increase. Brazil supplied most of the record 11.37 million tons of total September arrivals, and January-September US arrivals fell 15%.
Brazil dominates Chinese supply, so US export share remains limited, keeping pressure on U.S. soybean prices despite the monthly rebound.
brecorder.comReutersOct 20, 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.
