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Analysts expect Chinese soybean demand to weaken in the northern summer as the sow herd has declined for ten months and African swine fever and low hog margins persist. Shanghai's lockdown recovery will take time, though long-term demand should grow.
Lower Chinese crush and feed demand over the summer points to softer soybean and meal import demand from Brazil and the US.
czapp.comSara WangJun 14, 2022After 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.
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.
