Loading…
China's economy is growing much more slowly than usual, with exports down 14.5% and imports down 12.4% in July. Agricultural imports have held up better, with July soybean imports up 15% year on year to 9.7 million tonnes.
Resilient Chinese feed and oilseed imports support soybean demand despite the broader slowdown, which limits downside risk for soybean and meal prices.
producer.comSean PrattAug 31, 2023After 50 past neutral macro events, Soybeans moved a median -0.3% over 5 sessions (48% higher; middle half -2.2% to +1.3%), and -0.8% 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.
