China's imports unexpectedly grow

After 803 past bearish trade events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.

• Aug 10, 2018China expects its U.S. agricultural imports to fall sharply - Grainews-0.3%
• Jan 28, 2025Panamax Pain as China's Grain Imports Plunge 51%+1.3%
• Dec 1, 2020China Targets U.S. Farm Imports With Tariffs | Feed & Grain-0.9%
• Nov 30, 2020China September Soybean Imports Ease | Feed & Grain-2.4%
• Feb 25, 2022China Diversifies Grain Imports, U.S. Gets Smaller Piece | Feed & Grain+1.1%

After 36 past bullish trade events, WTI moved a median +1.6% over 5 sessions (69% higher; middle half -2.0% to +4.5%), and +0.7% over 20.

• Dec 3, 2018Oil up 4 pct on trade truce, expected supply cuts+3.7%
• Jun 5, 2018China reportedly offered to buy nearly $70 billion of US agriculture, energy products+2.1%
• Dec 16, 2019Factbox: What is actually in the U.S.-China 'Phase One' trade deal?+0.6%
• Feb 19, 2020China Sets Up Duty Waivers for U.S. Commodity Purchases - Caixin Global-4.3%
• Jan 4, 2019Oil prices rise on US-China trade talks and OPEC cuts+11.7%