Soybean Futures Rebound on Signs China Is Ramping Up Purchases

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.

• Feb 1, 2019Soybean Futures Rise on China Purchase Plans - WSJ-0.2%
• Aug 10, 2026China Ramping Up US Soybean Purchases | Farm Policy News | Illinois+1.5%
• Oct 3, 2019Soybean Futures Bounce Back After China Restarts Purchases+1.1%
• Aug 26, 2020China Said to Expect Record U.S. Soybean Purchases This Year - Bloomberg+4.5%
• Jul 24, 2019China Approves Tariff-Free U.S. Soybean Purchases as Goodwill - Bloomberg-0.8%

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.

• Oct 3, 2019Soybean Futures Bounce Back After China Restarts Purchases+1.7%
• Aug 26, 2020China Said to Expect Record U.S. Soybean Purchases This Year - Bloomberg+3.8%
• Dec 10, 2019China steps up US soybean purchases as trade talks drag on+1.6%
• Jul 27, 2018Soybean Futures Close Higher on Signs of Demand+0.1%
• Aug 7, 2018China may have to resume U.S. soybean purchases in weeks: Oil World-0.7%