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Some Chinese buyers are importing U.S. soybeans despite the trade tensions, attracted by historically cheap U.S. prices. At least two cargoes are heading to China, though overall U.S. grain traffic to China has nearly stopped after Beijing's tariffs on $50 billion of U.S. goods.
Limited bargain-driven purchases provide some support to U.S. soybean prices, but volumes are small relative to normal flows, so the broader price implication remains bearish.
reuters.comHallie GuSep 21, 2018After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), 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.
