
USDA's FAS projects China will crush 137.3 million tonnes of oilseeds in 2024-25, up from 135.3 million in 2023-24. Soybean crushing is estimated at 99 million tonnes, up from 97.5 million, supported by a moderate recovery in feed demand.
Higher Chinese crush lifts demand for soybean meal and imported soybeans, which is supportive for meal and bean prices, while stronger feed demand underpins meal use.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
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.