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China's exports rose unexpectedly, and imports fell by less than forecast. Economists pointed to an acceleration in agricultural purchases, especially soybeans.
Economists still warned of weakness ahead.
Faster Chinese soybean buying supports global soybean demand and prices. The broader trade data is a mixed signal for the macro outlook.
reuters.comJoe CashApr 13, 2023After 123 past bullish macro events, Soybeans moved a median +0.3% over 5 sessions (60% higher; middle half -1.0% to +1.8%), and -0.4% 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.
