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Starting January 1, China will tighten foreign-material limits on U.S. soybean shipments, with cargoes over 1 percent foreign material possibly held for testing, versus the current 2 percent allowance for No. 2 yellow soybeans. The change targets weed seeds from herbicide-resistant weeds.
Stricter specifications raise the risk of delayed or rejected U.S. cargoes and add handling costs, which weighs on U.S. soybean export demand and prices.
ecns.cnDec 22, 2017After 803 past bearish trade events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 224 past neutral trade events, SBM moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
