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Soybean futures were largely unchanged on Wednesday as traders waited for signals on whether China will step up purchases of US supplies. Trump said he pressed Xi Jinping to accelerate and expand Chinese buying of US farm goods, and reports indicate China has secured at least 10 separate US soybean cargoes since Tuesday.
Confirmed Chinese cargo purchases add to expected US export volumes, supporting soybean demand, but the lack of firm commitments keeps prices range-bound until clearer signals emerge after the holiday period.
kravi.orgDong ThielNov 1, 2026After 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.
