China cancels soy orders as losses mount in crushing

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.

• Nov 25, 2020Chinese buyers look to cancel U.S. soybean orders as processing margins shrink | Financial Post-3.2%
• Apr 24, 2023US corn falls after China cancels purchases; drags wheat, soy lower-2.6%
• Jul 9, 2018As Tariffs Bite, China Cancels U.S. Soy Deals and Hunt Is on for New Export Markets-6.9%
• Oct 27, 2023China increases imports and processing of soybeans and cancels purchase agreements+1.9%
• Mar 26, 2023China soybean orders lower on moderate animal protein growth – Asian Agribiz+5.4%

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.

• Nov 25, 2020Chinese buyers look to cancel U.S. soybean orders as processing margins shrink | Financial Post-2.2%
• Aug 12, 2026Argentina increases new-crop soybean crushing+2.5%
• Oct 27, 2023China increases imports and processing of soybeans and cancels purchase agreements-0.1%
• Mar 26, 2023China soybean orders lower on moderate animal protein growth – Asian Agribiz+3.0%
• Aug 26, 2021China’s Soy Crush Slips | Feed & Grain-2.1%

After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% over 20.

• Nov 25, 2020Chinese buyers look to cancel U.S. soybean orders as processing margins shrink | Financial Post-1.6%
• Jan 27, 2021U.S. soybean crushers buy up extra beans as supply scramble looms | Financial Post+3.8%
• Jul 18, 2018Soymeal Market Remains Calm in China Despite Tariffs+1.8%
• Sep 25, 2023China purchased over 5 million tons of canola in 2022/23 MY-4.1%
• Jun 20, 2026Brazil’s soymeal export push challenges Argentina’s dominance - Markets - Business Recorder+1.6%