
China's October soybean imports from the U.S. fell 77% year on year to 775,331 tonnes, while Brazilian imports fell 22%. Total October soybean imports were 5.11 million tonnes, down 41% and the lowest since March 2020.
USDA data showed U.S. pork exports in September fell 6.3% from a year earlier.
A sharp drop in Chinese purchases of U.S. beans weakens export demand and pressures soybean prices. Lower pork exports also reduce hog-sector demand for feed.
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 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), 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.