China is intensifying the import of soybean meal from Brazil, rejecting Ukrainian products

After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.

• Sep 20, 2022China’s soybean imports from Brazil plunge in August - Markets - Business Recorder-1.6%
• Jun 9, 2025Decline of China's Soybean Meal Market Amid Rising Imports-1.2%
• Jul 26, 2021Protein pinch: China's soybean imports to slow over rest of 2021 on curbed meal use-0.2%
• Jun 21, 2021China's May soybean imports from Brazil surge 82% vs April - Markets - Business Recorder-5.5%
• Sep 5, 2019China allows imports of soybean meal, rapeseed meal, sunflower meal and sugar beet pulp from Russia-0.9%

Not enough comparable past events yet for a historical read.

After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.

• Aug 12, 2022China to Speed Corn Imports from Brazil Amid Ukraine War, US Tensions-0.7%
• Apr 4, 2018CPO to gain from China’s soybean import tariff | The Star+0.2%
• Aug 20, 2023China July soybean imports from US tumble, Brazil shipments surge - Markets - Business Recorder-1.1%
• Oct 31, 2024Ukrainian Black Sea corridor ensured export of over 52 mln tons of agricultural products+2.2%
• Mar 10, 2020Exports of grain and oilseed cargoes from the Ukrainian seaports: results of 2019-3.4%