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The Chinese government has launched a campaign to reduce reliance on imported soybeans, and analysts say China's soybean imports have likely peaked. The article frames this as having profound implications for oilseed and grain markets.
A lasting drop in Chinese soybean imports would weaken global soybean and soybean meal demand, a bearish signal for feed protein prices.
producer.comsaskatoonnewsroomApr 10, 2023After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), 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.
