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China's November soybean imports fell 14% year on year to 7.35 million tonnes, below expectations of over 9 million tonnes. Logistics delays in the US, including low Mississippi River water levels, and COVID-related customs slowdowns contributed to the shortfall.
Slower Chinese soybean arrivals reduce near-term crush and soymeal demand, though traders expect December volumes to rise, leaving the outlook dependent on logistics recovery.
datamarnews.comGabriel MalheirosDec 7, 2022After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), and +0.7% over 20.
After 34 past bearish logistics events, Soybean Meal moved a median +0.4% over 5 sessions (53% higher; middle half -1.8% to +2.6%), and -1.2% over 20.
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.
