China facing soybean dilemma as it tries to balance phase one trade deal with self-reliance

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.

• Apr 25, 2022China trade: imports of US soybeans rise as Ukraine war, South America drought limit sources | South China Morning Post-0.5%
• Oct 11, 2019Trump announces 'phase one' trade deal with China+0.9%
• Sep 28, 2020US-China trade: soybeans, corn and cars surge, but Beijing still not close to meeting demands of deal | South China Morning Post+1.8%
• Sep 8, 2018China ramps up soybean purchases in August but Brazilian supplies tipped to tighten | South China Morning Post-1.3%
• Nov 2, 2018Yuan in biggest weekly gain since January as Trump asks cabinet to draft possible China trade deal | South China Morning Post-0.2%

After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.

• Apr 25, 2022China trade: imports of US soybeans rise as Ukraine war, South America drought limit sources | South China Morning Post-3.8%
• Dec 19, 2019Trade war: China buys US soybeans after fresh round of tariff waivers, but will it be the last for some time? | South China Morning Post-1.1%
• Aug 16, 2019China's animal feed push for self-reliance as trade war intensifies - CGTN+0.7%
• Sep 24, 2021China's soybean demand in Q4 set to slacken as crushers face power cuts: trade-2.5%
• Dec 10, 2019China steps up US soybean purchases as trade talks drag on+1.6%