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China is expected to import record soybean volumes in July, with buyers booking about 12 to 13 million tonnes for July arrival. Lower prices and fears of renewed U.S. tariffs under a possible Trump presidency are encouraging importers to build stocks.
Heavy Chinese buying lifts global soybean demand and supports prices, while pre-emptive stockpiling creates a risk of demand dropping off if tariff fears fade.
ukragroconsult.comJul 3, 2024After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.
