
China received 1.59 million tonnes of US soybeans in the week ended October 29, nearly 63% of total US soybean exports for that week, according to USDA data. Total US soybean exports reached 2.53 million tonnes, the highest weekly volume of the 2026/27 marketing year; some reported Chinese sales reflected destination changes from unknown buyers rather than newly created demand.
Large shipments to China indicate strong near-term export movement and support US soybean demand. The destination switches mean the headline shipment figure should not be treated as an equivalent increase in new sales.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.