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American soybean groups hosted importers from Pakistan, South Korea and India on a tour of US production regions and Pacific Northwest ports, seeking to expand sales as China remains largely absent. The trip was funded by the $12 billion trade aid package, and no deals had been signed by the tour's stop.
Shifting exports to other Asian buyers may partly offset lost Chinese demand, but without firm contracts the support to US soybean prices remains limited.
caixinglobal.comJun 12, 2019After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
