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New Hope analysts said Chinese soybean buyers would be able to cope if US trade tensions lead to curbs or tariffs on American beans. Such measures would likely raise prices of the oilseed, given China bought 95.5 million tonnes last year, more than half from South America.
Potential Chinese curbs on US soy would shift demand toward Brazil and Argentina and lift global soybean prices, tightening feed protein supplies.
reuters.comHallie GuMar 3, 2018After 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 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.
