
China's soybean imports from the United States plunged 99 percent in December to 69,298 tonnes, according to customs data. Full-year 2018 US soybean imports by China fell to their lowest level since 2008 amid the ongoing trade war.
With China's US soybean purchases nearly halted, Brazilian supply has filled the gap, supporting Brazilian export premiums while US soybean prices remain pressured until a deal materializes.
After 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.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.