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USDA will impose a stricter 1% impurity standard on US soybean exports to China, half the current level, at China's request, with a possible start on January 1. Shipments above the limit may be held back for further cleaning.
Tighter quality rules raise exporter costs and may delay or reduce US shipments to the largest buyer, which is bearish for US soybeans and meal.
seedworld.comSeed World StaffDec 21, 2017After 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 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.
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.
