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China's trade war strategy is analyzed, including scenarios where soybean demand could fall by up to 27 million tonnes per year as soymeal rations are cut. The article notes Chinese farmers could cut soymeal rations by nearly half.
Lower Chinese soymeal inclusion would reduce import demand for U.S. and global soybeans and meal, weighing on soybean and soymeal prices.
reuters.comJosephine Mason, Hallie GuDec 27, 2018After 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.
