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Chinese importers bought about 10 boatloads, roughly 600,000 tonnes, of U.S. soybeans on Monday for shipment from Pacific Northwest terminals from October to December. The purchases followed deputy-level trade talks in Washington, which were overshadowed by a cancelled farm state visit by Chinese officials.
Sizeable new Chinese purchases for fall shipment support U.S. soybean export sales and prices, though the market still awaits follow-through on broader trade commitments.
reuters.comKarl PlumeSep 23, 2019After 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.
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.
