
Indonesia has committed to buying more US farm products, including soybeans, but traders say it may struggle to fulfil the pledge. Indonesia already sources most of its soybean imports from the US for tofu and tempeh production.
The new commitment exceeds Indonesia's overall annual soybean imports.
If Indonesia cannot meet its US purchase pledges, expected US export demand may fall short, weighing on US soybean prices. Feed buyers should note that the trade deal's volume claims may not translate into flows.
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.