As trade tensions mount, China soybean buyers devise contingency plans

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.

• Apr 14, 2023China's soybean demand slump baffles market | The Western Producer-0.2%
• Oct 4, 2018China’s cut to soybean consumption ‘unrealistic’ | The Western Producer-1.1%
• Jun 28, 2018Canadian soybean producers sideswiped by U.S.-China trade battle - The Globe and Mail-3.7%
• Jun 28, 2019US-China trade tensions hurt Argentine soybean exports - Chinadaily.com.cn-1.7%
• Jun 25, 2018Soybeans, corn down on trade tensions, weather - Brownfield Ag News-4.0%

Not enough comparable past events yet for a historical read.

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.

• Apr 14, 2023China's soybean demand slump baffles market | The Western Producer-1.7%
• Oct 4, 2018China’s cut to soybean consumption ‘unrealistic’ | The Western Producer+1.5%
• Jun 28, 2019US-China trade tensions hurt Argentine soybean exports - Chinadaily.com.cn-2.7%
• Jun 25, 2018Soybeans, corn down on trade tensions, weather - Brownfield Ag News-1.9%
• Oct 12, 2018Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT+1.1%