◂ Event Timeline

Aug 2, 2024MACROChina

China's stuttering recovery darkens global corporate growth outlook

A prolonged property downturn and high job insecurity have weakened China's fragile economic recovery. The slowdown is affecting global corporate growth expectations across trading partners.

WHY IT MATTERS

Weaker Chinese growth reduces expected demand for imported soybeans and other feed ingredients, a bearish factor for those markets. The effect is gradual and the article gives no specific price move.

AFFECTSSOY▼

SOURCE
reuters.comMedha SinghAug 2, 2024

Price reaction & history

SOY▼bearishSO FAR1d +0.7%5d -1.2%20d -4.7%

After 273 past bearish macro events, SOY moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% over 20.

Jan 17, 2023China's 2022 economic growth one of the worst on record, post-pandemic policy faces test | Reuters-3.1%
Apr 14, 2026China Imports Hit Record High Amid Global Supply Pressures+0.3%
Oct 29, 2024How the US election could impact China's markets | Reuters+1.4%
Mar 9, 2020Corn, soybeans, wheat drop about 2% as global markets recoil | Financial Post-4.1%
Aug 25, 2022Inflation-hit world cheers China’s falling yuan | Reuters-3.4%

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.

SOY · GP ▸

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