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Reports say China may stop buying American soybeans entirely as a potential soybean shortage looms after its 25% tariff on U.S. imports took effect in July. China is the world's largest soybean buyer and uses the beans heavily in feed.
A complete halt in Chinese U.S. purchases would remove a major export outlet and push soybean and meal prices lower, while raising Chinese demand for Brazilian and other origins.
amp.cnn.comOct 24, 2018After 803 past bearish trade events, SOY 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, SBM 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.
