Traders and analysts say China's soybean meal exports, which tripled in the first half of the year, are likely to fall as domestic crushing margins improve and domestic meal demand rises. Singapore traders expect exports to slow from next month.
Lower Chinese meal exports would free supply for Argentina and Brazil and could lift international soybean meal prices.
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.
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.
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.