
China's soybean imports from the US fell sharply in August, down 58% year on year to about 120,100 tonnes, while Brazil supplied 9.09 million of roughly 9.36 million tonnes imported that month. Cumulative US sales to China in the first eight months still rose 14% year on year.
Brazil's dominance of Chinese purchases weakens US soybean export demand during the harvest period, pressuring US soybean and meal prices.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.