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China imported 32.3 million tonnes of U.S. soybeans in 2021, up 25% from 25.89 million tonnes in 2020, according to customs data. The increase came under the Phase One trade pact, which committed China to buy more U.S. farm products.
Stronger Chinese purchases of U.S. soybeans support U.S. soybean demand and export pricing, while lower Brazilian shipments shift import flows toward U.S. supply.
reuters.comJan 20, 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.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
