
China's April soybean imports fell 10% from a year earlier to 7.26 million tonnes, according to customs data. The volume was well below the 9 million tonnes traders had expected, as stricter customs checks delayed cargoes.
Weaker-than-expected Chinese buying reduces demand for US and Brazilian soybeans, which pressures soybean prices and the meal that feed buyers rely on.
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.