Factbox: China's low-soy pig diet and the impact on soybean use

After 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.

• Jun 15, 2018U.S. farmers brace for impact of China trade war, soy at one-year low-5.0%
• Oct 14, 2019China September soybean imports ease on falling animal feed demand-0.2%
• Aug 23, 2019China to impose extra tariffs on U.S. soy, beef and pork+0.0%
• Jul 19, 2018Aquafeed.com | CHINA - New tariffs on US soybeans unlikely to impact aquatic feed+2.2%
• Jul 26, 2021Protein pinch: China's soybean imports to slow over rest of 2021 on curbed meal use+1.0%

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.

• Oct 14, 2019China September soybean imports ease on falling animal feed demand+0.5%
• Aug 23, 2019China to impose extra tariffs on U.S. soy, beef and pork-0.6%
• Jul 26, 2021Protein pinch: China's soybean imports to slow over rest of 2021 on curbed meal use-0.2%
• Sep 22, 2023China cuts soybean purchases from the US in August+0.5%
• May 10, 2023Soybeans face pressure on US planting weather, tepid China demand+2.3%