
China's soybean imports rose 19% year on year in December 2022 to 10.56 million tonnes, the highest monthly level since June 2021, as buyers restocked after tight supplies. Full-year 2022 imports fell 5.6% to 91.08 million tonnes, the second annual decline.
A December rebound in Chinese buying supports soybean and soymeal demand, though weaker feed consumption and a second annual import decline cap the outlook.
After 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.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.