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The USDA confirmed private exporters sold 1.13 million tonnes of U.S. soybeans to China, the first significant purchases in over six months after the December 1 truce. Soy futures fell as traders hoped for more follow-through buying.
Confirmed sales support export demand, but futures declined as the volume fell short of expectations, leaving the price impact limited.
business-standard.comReutersDec 13, 2018After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
