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Evergreen’s 16,556-TEU Ever Eon transited the Suez Canal on November 8, the carrier’s first passage in nearly three years. China’s soybean imports fell 23% in October to a seven-month low.
The Suez return signals a possible easing in shipping delays, while lower Chinese soybean imports point to softer near-term demand and could weigh on soybean prices.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), 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.