
China's soybean imports from Brazil fell to 6.25 million tonnes in August from 9.04 million a year earlier, and total imports dropped 25% to the lowest August level since 2014. Buyers cited high prices and weak feed demand after hog farmer losses, while imports from the U.S., Uruguay and Argentina rose.
Lower Chinese purchases of Brazilian beans and weak soymeal demand reduce demand for soybeans and meal, pressuring prices.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.