Loading…
USDA confirmed a private Chinese company bought 68,000 tonnes of soybeans in the week ended July 25, the first purchase since Beijing offered tariff exemptions to five crushers. China also canceled previous purchases totaling 72,900 tonnes.
Small purchases offset by cancellations show limited Chinese buying, so the market gets little support from the sales and prices stay under pressure.
reuters.comMark WeinraubAug 1, 2019After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
