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Trade Data Monitor reports China imported 100.3 million tons of soybeans worth $39.5 billion in 2020, nearly double 2010 volumes. China nearly doubled US soybean imports in the first two months of 2021 while cutting Brazilian shipments.
China's dominant and shifting soybean demand supports global soybean and meal prices, and its switch toward US supply tightens US availability for feed buyers.
tradedatamonitor.comJohn MillerApr 27, 2021After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.
