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A Rabobank report projects China's soybean imports will slow and decline through 2030 as livestock growth slows and feed formulators cut soymeal inclusion rates under a government campaign. Chinese feed consumption is expected to grow at a low single-digit rate.
Lower soymeal inclusion in Chinese feed reduces long-run soybean import demand, a bearish outlook for global soybean and soymeal exporters, though it may lift demand for amino acids.
feedandgrain.comFeed, Grain StaffJan 9, 2023After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
