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China has stepped up sampling of soybean cargoes, which has delayed clearance and raised costs for buyers. China takes most of its soybeans from Brazil and the United States.
Slower clearance and higher costs for importers reduce the pace of Chinese soybean buying, which weighs on Brazilian and US soybean export prices.
reuters.comDominique PattonMay 12, 2023After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% 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.
