China's purchase of US soybeans spike in Jan-Feb under phase one deal

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.

• Nov 10, 2017China inks $5b deals for purchase of U.S. soy-0.3%
• Feb 1, 2019Soybean Futures Rise on China Purchase Plans - WSJ-0.2%
• Oct 28, 2023Hebei firm inks $3 billion US soybean purchase deal - Chinadaily.com.cn+2.3%
• Dec 10, 2019Soybeans extend gains as Chinese purchases stir hopes of U.S.-China deal | Financial Post+2.8%
• Dec 10, 2019China steps up US soybean purchases as trade talks drag on+2.8%

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.

• Feb 1, 2019Soybean Futures Rise on China Purchase Plans - WSJ-1.5%
• Aug 1, 2026Tariffs, in the way of larger China purchases of US soybeans: market sources-0.8%
• Jun 2, 2020China buys U.S. soybeans after halt to U.S. purchases ordered: sources+1.9%
• Sep 12, 2019Ahead of trade talks, China makes biggest US soybean purchases since June, traders say+0.7%
• Apr 9, 2025Wave of US soybeans set to reach China's shores despite tariffs+1.4%