CBOT soybean futures reached life-of-contract highs on August 28. China bought 182,000 MT of new-crop US soybeans, and Sinograin cleared storage in its fifth auction in under a month.
USDA also confirmed 100,000 MT of soymeal sales each to Germany and the Netherlands.
Chinese buying and European meal demand tighten export supplies, supporting soybean and soymeal prices into the new crop year.
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.