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China reinstated soybean import licences for three US companies from 10 November, following recent talks that also led to limited Chinese purchases of US soybeans and wheat. Panamax vessels loading US soybeans have largely avoided the Panama Canal in favour of the Cape of Good Hope route, and the Canal's soybean transits remain far below earlier years.
Renewed licences and gradual purchases support US soybean export demand and point toward a fuller resumption of trade, which would be bullish for soybeans and soy meal. Longer Cape routings raise ocean freight costs for US bulk exports.
worldports.orgCarlos NievesNov 20, 2025After 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.
Not enough comparable past events yet for a historical read.
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.
