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China's soybean imports are expected to fall to roughly 18-20 million tonnes in the fourth quarter, down from 24.1 million a year earlier, according to traders. The decline follows China's retaliatory 25% duty on U.S. soybeans imposed in July, amid a widening tariff dispute.
Lower Chinese purchases reduce global soybean demand and pressure soybean and meal prices, while shifting trade flows toward Brazil. Smaller soymeal supply for feed also tightens protein availability for animal-feed buyers.
reuters.comNaveen ThukralOct 18, 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.
