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A team of Chinese traders from eight large soybean importers toured Midwest farms to check yields and quality before buying new-crop U.S. soybeans. The group then visited a grain terminal at the Port of Grays Harbor in Washington.
Chinese buyers evaluating U.S. new-crop quality points to continued interest in U.S. soybean purchases. The visit is a signal of demand rather than a confirmed sale.
dtnpf.comOct 23, 2017After 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.
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.
