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China's pork imports jumped 75% to a record in 2019 as African swine fever cut hog numbers and Beijing sought to curb prices. China imported 88.5 million tons of soybeans in 2019, up 0.5%, with December arrivals at 9.5 million tons, the highest since May 2018.
The phase-one trade deal was due to be signed January 15.
Lower hog numbers reduce feed demand for soybean meal, while record pork imports and expected US purchases shape global meat and oilseed trade flows.
farmprogress.comBloombergJan 14, 2020After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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.
After 28 past neutral trade events, Lean Hogs moved a median -0.4% over 5 sessions (46% higher; middle half -2.2% to +0.7%), and -0.3% 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.
