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Brazil's share of agricultural exports to China rose to 37% in the first half of 2023, with China buying 1.34 million tonnes of Brazilian corn. Soybean purchases reached 43.5 million tonnes, helped by lower soybean prices.
Strong Chinese buying of Brazilian soybeans at lower prices supports Brazilian export demand and keeps global soybean prices under pressure.
datamarnews.comGabriel MalheirosJul 18, 2023After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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.
