
The US ambassador warned China against curbing American soybean imports, which would escalate the trade dispute between the two countries. Soybeans were the top US farm export to China last year, worth over $12 billion.
Any Chinese curbs on US soybeans would reroute demand to South America and push up feed costs for Chinese livestock producers, supporting soybean and meal prices.
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 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.