Commodities 2023: China's soybean imports to recover on improved margins, restocking needs

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.

• Jan 14, 2021China's 2020 soybean imports climb 13% to record as pig sector demand recovers - Markets - Business Recorder-2.9%
• Dec 22, 2020Commodities 2021: US soybean prices likely to rise on high exports, tight stocks | S&P Global+4.2%
• Dec 8, 2025China Set for Record 2025 Soybean Imports on Brazil Buys, U.S. Trade Truce-2.6%
• Sep 10, 2024China Aug soybean imports at record 12.14mn tons+0.5%
• Nov 7, 2020China's Oct soybean imports jump 41% on year on swine fever recovery | S&P Global+3.9%

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.

• Jan 14, 2021China's 2020 soybean imports climb 13% to record as pig sector demand recovers - Markets - Business Recorder-3.0%
• Nov 7, 2020China's Oct soybean imports jump 41% on year on swine fever recovery | S&P Global+1.5%
• Jul 3, 2024China poised for record July soybean imports on low prices+1.3%
• Nov 10, 2023China soybean imports top 100 million tonnes+3.6%
• Oct 25, 2022Tight soybean supply weighs on demand recovery in China amid surging crush margin | World Ports Organization+3.7%