
China imported 9.15 million tonnes of soybeans in August, up 14% from July and above last year's 8.44 million tonnes. Buyers have shifted toward Brazilian supply since Beijing imposed a 25% tariff on US soybeans and other products worth $34 billion.
Strong Chinese buying of Brazilian beans supports South American export prices and shifts demand away from US origin, while analysts expect tighter Brazilian supplies to limit further gains.
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.