China's soybean imports are shifting toward Brazil, with Chinese importers booking a record 12-14 million tonnes of Brazilian beans for October-November arrival. Rabobank highlights growing Indian soymeal demand from poultry, with consumption reaching 5.4 million tonnes in 2017.
Record Brazilian sales to China reinforce bearish US soybean pricing, while rising Indian poultry-driven soymeal demand offers a supportive demand source for meal. Feed buyers face a tight meal balance in India alongside ample South American supply.
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.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.