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Chinese buyers are stocking up on soybeans and sorghum ahead of the US presidential election as a hedge. September soybean imports hit a record 11 million tons, 2-4 million above expectations, including 1.71 million tons from the US.
Front-loaded Chinese purchases tighten near-term import demand for soybeans and sorghum, supporting prices until buying slows.
triviumchina.comOct 23, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
