
China imported a record 100.86 million tonnes of soybeans in MY 2022-23, driven by Brazilian shipments and recovering soybean meal demand in swine and poultry. Imports for 2023-24 are projected at around 100 million tonnes.
Sustained record Chinese soybean imports support global soybean and soymeal demand, particularly from Brazil, underpinning prices.
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.