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A Global Times report says U.S. soybean exporters are satisfied with China's implementation of the phase one trade deal. U.S. farm exports to China set a record of $36.4 billion in 2022.
Demand this marketing year is at its second-highest level in five years.
Solid Chinese soybean demand supports U.S. export sales and prices. The story describes trade-deal compliance rather than a new policy change.
globaltimes.cnGlobal TimesFeb 23, 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.
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.
