China's agriculture ministry forecasts soybean imports for the 2026/27 season to fall as soymeal demand from its pig sector slows. The outlook reflects a shrinking hog herd and weaker feed use.
Lower Chinese soybean and soymeal import demand is bearish for global soybean and soymeal prices, and it increases competition among exporters for the remaining market share.
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 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.