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China's soybean imports in August totalled 9.49 million tonnes, slightly below a year earlier, as low crush margins and high international bean prices weighed on demand. Crushers had front-loaded purchases early in the year, and shipments slowed as hog prices fell.
Softer Chinese import demand reduces pressure on global soybean markets, while weak crush margins point to lower soymeal output and demand.
brecorder.comReutersSep 7, 2021After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
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.
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.
