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China's soybean meal futures on the Dalian exchange rose up to 2.7% to their highest since September 2024 after Beijing imposed a 34% duty on all U.S. imports effective April 10. The duties include soybeans and threaten shipments from the U.S., China's second-largest supplier of the oilseed.
Tariff-driven loss of U.S. soybean access raises China's import costs and tightens meal supply, supporting global soymeal and rapeseed meal prices while pushing Chinese buyers toward Brazil.
farmprogress.comBloombergApr 7, 2025After 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.
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.
Not enough comparable past events yet for a historical read.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), 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.
