China's soybean purchases from the US have reached about 12 million tons, meeting a commitment made under the US-China trade arrangement. The purchases follow a period of reduced Chinese buying amid tariff frictions.
Large Chinese purchases of US soybeans support export demand and US soybean prices, tightening available supply for feed buyers. Continued buying would underpin soymeal costs.
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.
After 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.
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.