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China imported 62.3 million tons of soybeans in January to July 2023, up 15% from a year earlier. July imports were 9.73 million tons, down from June but above July 2022.
The average per-tonne import value rose 1.3% year on year, and imported soybeans are mainly crushed into animal feed meal.
Robust Chinese soybean imports sustain global crush demand and support soybean meal supplies for feed, supporting prices.
global.chinadaily.com.cnAug 13, 2023
brecorder.comReutersAug 8, 2023After 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.
