Chinese buyers look to cancel U.S. soybean orders as processing margins shrink

After 803 past bearish trade events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.

• Jan 17, 2024China's Q1 Soybean Imports Slow to Four-Year Low as Pig Herds Shrink - Pork Business+1.0%
• May 3, 2022Chinese soybean crushers slow bean buying on poor margins - Manitoba Co-operator-3.2%
• Jun 5, 2017China cancels soy orders as losses mount in crushing+2.2%
• Oct 27, 2023China increases imports and processing of soybeans and cancels purchase agreements+1.9%
• Dec 2, 2021China to cut U.S. soy imports after shipping delays clip export window | Financial Post+2.7%

After 384 past bearish trade events, SBM moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.

• Jan 17, 2024China's Q1 Soybean Imports Slow to Four-Year Low as Pig Herds Shrink - Pork Business-2.1%
• May 3, 2022Chinese soybean crushers slow bean buying on poor margins - Manitoba Co-operator-6.7%
• Jun 5, 2017China cancels soy orders as losses mount in crushing+1.3%
• Oct 27, 2023China increases imports and processing of soybeans and cancels purchase agreements-0.1%
• Dec 2, 2021China to cut U.S. soy imports after shipping delays clip export window | Financial Post+2.0%

After 81 past neutral trade events, SBO moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% over 20.

• Jan 27, 2021U.S. soybean crushers buy up extra beans as supply scramble looms | Financial Post+3.8%
• Jun 5, 2017China cancels soy orders as losses mount in crushing+4.1%
• Feb 3, 2019EU seeks to placate Washington by approving soybeans for biofuel - BusinessWorld Online+3.3%
• Apr 21, 2021U.S. Soybean Exports to China Swell in March, as Brazil Suspends Corn, Soy Import Duties | Farm Policy News | Illinois+8.7%
• Jun 20, 2026Brazil’s soymeal export push challenges Argentina’s dominance - Markets - Business Recorder+1.6%