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China's September soybean imports fell 13.5% from August to 8.2 million tonnes, customs data showed, as African swine fever reduced soymeal demand. Imports were still above the level of a year earlier, with buyers favoring Brazilian beans amid Sino-US trade tensions.
Lower Chinese soymeal demand from a smaller pig herd weighs on soybean and meal prices, while Brazil's share of China's trade is supported.
feedandgrain.comNov 30, 2020After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% 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.
