China's customs data show soybean imports of 4.49 million tons in March and 15.63 million tons for January to March, up 1.9% year on year. Edible vegetable oil imports fell 46.1% in the January to March period, to 1.05 million tons.
Steady soybean crushing demand supports bean prices, while sharply lower vegetable oil imports signal weaker demand for palm and soy oil in China.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% 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.