Australian Dollar gains ground as China’s COFCO purchases US soybean cargoes

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.

• Dec 10, 2019China steps up US soybean purchases as trade talks drag on+2.8%
• Nov 2, 2018Yen falls, Australian dollar gains as US-China trade angst eases - The HinduBusinessLine-0.2%
• Dec 10, 2019Soybeans extend gains as Chinese purchases stir hopes of U.S.-China deal | Financial Post+2.8%
• Sep 13, 2019China's soybean purchase keeps rally alive+1.1%
• Mar 25, 2020China's purchase of US soybeans spike in Jan-Feb under phase one deal-0.1%

Not enough comparable past events yet for a historical read.