
A Chinese trade delegation opened the U.S. Soy Global Trade Exchange by signing contracts worth more than $1.5 billion of US soy. A separate delegation signed more than $5 billion of contracts in Des Moines, Iowa, the previous month.
Large forward purchase commitments from China support US soybean and soybean meal demand and help underpin prices. Contracts signed at trade events can still be cancelled or delayed, so the price effect depends on shipments.
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.