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Oil World data show China's February 2017 oilseed imports rose, with soybeans at 5.54 mln tons, mostly from the US, and no Argentine deliveries. China's soybean meal exports fell to 38,000 tons, well below last year's 102,000 tons.
Record Chinese oilseed imports support US soybean demand, while weak Chinese meal exports leave more meal available for other markets.
grainsprices.comGate.BGMar 27, 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.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), 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.
