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China's Cofco was reportedly seeking U.S. soybean prices, a sign China is returning to the U.S. market after its holiday break. Washington and Beijing also plan further trade discussions.
Renewed Chinese buying interest supports U.S. soybean futures and could narrow the discount to Brazilian beans.
investors.comBLOOMBERG NEWSJan 3, 2019After 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.
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.
