
Two vessels loaded with U.S. soybeans, the Star Laura and Golden Empress, have departed for China despite retaliatory tariffs. Chinese buyers have mostly purchased Brazilian beans since July, and U.S. exports to China since September 1 totaled about 66,955 tonnes as of October 4.
Renewed Chinese interest in U.S. cargoes signals possible support for U.S. soybean export prices ahead of the Brazilian off-season. However, the volumes are small relative to normal seasonal demand.
After 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 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.