
Brazil could export 9 million tons of soybeans in February, up 80 percent year on year, and shipped 3.55 million tons in the first three weeks of February. Chinese crushers still prefer cheaper Brazilian beans over US origin despite the Phase 1 deal, and Brazilian soymeal exports to the EU remain strong.
Heavy Brazilian export competition keeps world soybean and meal prices pressured, favoring Brazilian origin for feed buyers.
After 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.