
China imported 3.37 million tonnes of U.S. soybeans in March, down from 7.18 million a year earlier, according to customs data. The drop reflects shifting sourcing away from the U.S. in that month.
Lower Chinese purchases of U.S. beans reduce export demand and weigh on soybean and soybean meal prices, though the broader buying pattern is still under review.
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.