
Chinese state-owned firms bought at least three cargoes of US soybeans, totaling at least 180,000 tonnes, for shipment in October or November. The purchases came even though sources said Beijing had ordered a halt after Washington moved to end Hong Kong's special trade treatment.
Purchases for peak US export season support US soybean prices and export demand, but the conflicting halt order adds uncertainty about future buying. Traders will watch whether state buying continues.
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 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.