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China's soybean imports from the United States rose to 3.63 million tonnes in November from 775,300 tonnes in October, according to customs data. Shipments recovered as Hurricane Ida disruptions cleared, though they remained about 40% below November 2020.
A rebound in Chinese purchases of US beans supports US soybean export demand and prices, but volumes are still well below last year's pace, which limits the upside.
farmpolicynews.illinois.eduKeith GoodDec 22, 2021After 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.
