China buys more U.S. soybeans, record volume of pork ahead of trade talks

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.

• Jun 20, 2017China may buy record volume of U.S. soybeans-3.3%
• Jul 14, 2020China books record U.S. corn purchase, also buys soybeans | Reuters+3.0%
• Sep 23, 2019China buys about 10 cargoes of U.S. soybeans after trade talks+0.0%
• Feb 2, 2019Exclusive: China buys U.S. soybeans a day after trade talks - traders-0.4%
• Jul 17, 2023China to buy more Brazilian soybeans for Q4 as U.S. crop suffers - traders | Reuters+0.4%

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.

• Sep 16, 2019China buys $67 million Worth of U.S. Soybeans as Trade War Eases-5.6%
• Sep 13, 2019China to Exempt U.S. Soybeans, Pork From Punitive Tariffs-2.4%
• Aug 2, 2024China's Soybean Stockpile Surge: Implications for U.S. Export Season - Benison Media-2.2%
• Oct 27, 2020Trump's phase one trade deal with China and the US election | PIIE-4.0%
• Jan 14, 2020China's pork imports climb 75%+2.6%