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USDA reported a 106,000 mt soybean sale to China and a 120,000 mt sale to unknown destinations in the 2023/24 marketing year. Analysts said the buyer could be China, Europe, or others, and that Chinese buying may be aimed at building reserves.
Renewed export sales support US soybean demand, though uncertainty about final destinations limits the price signal.
agweb.comJun 14, 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.
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.
