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Chinese soybean crushers are reportedly unlikely to buy U.S. soybeans in bulk soon despite a state offer to exempt some cargoes from the 25% tariff. Poor crushing margins and doubts about trade relations are cited as reasons.
Weak crusher interest limits the demand boost from the tariff exemption offer and keeps pressure on U.S. soybean prices. Buying could still rise if margins improve.
esmmagazine.comDayeeta DasJul 24, 2019After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% 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.
