◂ Event Timeline

Oct 24, 2022TRADEChina

China's monthly soybean imports jump

China's soybean imports rose to 7.72 million tonnes in September, up 12% year over year, with US shipments reaching 1.15 million tonnes. Year-to-date imports for the first nine months remain 6.6% lower than last year at 69.04 million tonnes.

WHY IT MATTERS

Stronger Chinese demand for soymeal for hog feed supports soybean and meal prices, though cumulative imports remain below last year's pace.

AFFECTSSoybeans▲Soybean Meal▲

SOURCE
world-grain.comJohn ReidyOct 24, 2022

Price reaction & history

Soybeans▲bullishSO FAR1d -1.7%5d -0.6%20d +2.3%

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 17, 2023China’s December soybean imports jump-3.1%
Dec 5, 2018Argentina soybean imports soaring | 2018-12-05 | World Grain+0.9%
Aug 17, 2021India could allow soybean meal imports | 2021-08-17 | World Grain-6.0%
Dec 22, 2020China to import record amount of soybeans | 2020-12-22 | World Grain+4.2%
Apr 13, 2021China's Q1 soybean, grains imports surge on strong demand+4.9%

Soybean Meal▲bullishSO FAR1d -1.4%5d +1.8%20d -1.8%

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.

Aug 17, 2021India could allow soybean meal imports | 2021-08-17 | World Grain-3.2%
Dec 22, 2020China to import record amount of soybeans | 2020-12-22 | World Grain+3.6%
Aug 8, 2023China's soybean imports up 15% in January-July - Chinadaily.com.cn+2.8%
Nov 10, 2023China soybean imports top 100 million tonnes+3.6%
Nov 7, 2020China's Oct soybean imports jump 41% on year on swine fever recovery | S&P Global+1.5%

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.

Soybeans SOY · GP ▸

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Soybean Meal SBM · GP ▸

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