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Purdue economist Chris Hurt says U.S. soybean sales are down sharply this marketing year, with Chinese purchases down 98% through December 6 after tariffs made U.S. beans uncompetitive. Other regions have bought more, but not enough to offset the 772 million bushel drop in Chinese demand.
Losing China as the peak-season buyer leaves a record U.S. crop to find other markets, keeping pressure on soybean prices.
ag.purdue.eduSarah E Zahn, Morgan FrenchDec 5, 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.
