
U.S. soybean exports to China reached 27.3 million tonnes from September 1 to April 22, above the five-year average of 22 to 23 million tonnes for the same period. Russia's war in Ukraine and South American drought have limited alternative supplies.
Strong Chinese demand and tight alternative supplies support U.S. soybean prices and the soymeal used in feed rations.
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.
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.
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.