Chinese buyers rushed to order US soybean shipments for November-December delivery after CBOT soybean futures hit a four-year low. Expectations of large arrivals pushed soymeal prices lower.
Heavy Chinese import demand supports soybean flows, but the expected arrival volume is pressuring soymeal prices, which weighs on feed meal costs.
After 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 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.