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ExportPlanning reports that U.S. agricultural exports to China reached nearly $25 billion in 2020, about 75% of the $33.4 billion target, with soybeans the largest component. China takes roughly half of U.S. soybean exports, mainly for animal feed.
Heavy dependence on Chinese soybean demand means any shortfall in purchases would pressure U.S. soybean and meal prices, while continued buying supports them.
exportplanning.comLorenzo Fontanelli, Gloria ZambelliMar 4, 2021After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
