
Chinese soybean crushing mills are struggling with sinking demand for animal feed as pig farmers cull herds due to falling meat prices. U.S. competitors are gaining share in the Chinese market as the trade war continues.
Weaker Chinese crush and feed demand lowers soybean meal demand and import needs, pressuring U.S. soybean and meal prices while favoring competing exporters.
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 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.