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China's soybean imports from the U.S. in August 2024 rose 70% year on year to 202.3 thousand tons, from 119.1 thousand a year earlier. Brazilian imports rose 12% to 10.24 million tons.
Buyers took advantage of low soybean prices.
Increased U.S. shipments to China support export demand for U.S. soybeans, but volumes remain small against Brazil's supply. The effect on prices is limited.
ukragroconsult.comSep 23, 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.
