
China's soybean imports are expected to slow sharply in late 2021 after a record first-half tally. The slowdown is linked to curbed soymeal use, challenging expectations of sustained growth from the top global buyer.
Weaker Chinese demand for soybeans and meal in the second half would pressure soybean and soymeal prices just as the US new crop comes to market.
After 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.