Loading…
China made its first major purchase of U.S. soybeans since the Trump-Xi trade truce, buying over 1.5 million tonnes. Trump said China would also soon cut tariffs on U.S. autos, and the purchase followed a 90-day detente agreed at the Dec.
1 meeting.
Chinese buying of U.S. beans eases the export backlog from record crops and supports soybean prices, though tariffs and uncertainty limit how much demand returns.
investing.comInvesting.comJan 1, 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.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.
