
Brazilian soybean prices rose to $400/t C&F China from $380 a week earlier, driven by expected Chinese buying due to the escalating trade conflict. Chinese buyers are reportedly shying away from the higher-priced cargoes.
Higher Brazilian soybean prices raise feed input costs for buyers, while resistance from Chinese importers could cap the near-term rally.
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.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.