A University of Illinois analysis reports that China imports about 100 million tons of soybeans a year, mostly from the US and Brazil. It says China is pursuing soybean self-sufficiency by reducing soybean meal use and expanding domestic soybean output.
The article focuses on the Ministry of Agriculture's target for lower soymeal inclusion in feed.
If China lowers soymeal inclusion rates in feed, its long-run demand for soybean meal and soybeans would shrink, which is bearish for global soybean complex prices and export demand from Brazil and the US.
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.
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.
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.