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China's soybean imports near 100 million tonnes in 2019/20 make it the largest buyer, accounting for 87% of Asian soybean imports. Asia-based clients are increasingly trading CBOT soybean futures during Asian hours, and 30-day volatility rose to about 20% in the fourth quarter of 2020.
Strong Chinese import demand underpins soybean prices, and rising hedging activity reflects the price risk that feed buyers face.
cmegroup.comJan 12, 2021Not enough comparable past events yet for a historical read.
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.
