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China's soybean imports rose 19 percent year on year to 10.56 million tonnes in December, the highest monthly total since June 2021. Full-year 2022 imports fell 5.6 percent to 91.08 million tonnes, the second annual decline.
Restocking demand supports near-term soybean and soymeal prices, but weaker annual imports and soft feed consumption cap the longer-term outlook.
ukragroconsult.comJan 17, 2023After 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 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
