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Farm Futures analysis notes that USDA expects China's soybean imports to rise 9% in the 2022/23 marketing year to 3.6 billion bushels. Peak US soybean export season is approaching, and China's fall buying interest is a key focus.
A projected rise in Chinese soybean imports supports US soybean export demand and prices heading into harvest. Any shortfall in Chinese buying would weigh on the market.
farmprogress.comJacqueline HollandAug 18, 2022After 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.
