
CMB News reports that China's soybean demand is structurally weakening in the 2026/27 season, with imports expected to drop sharply. Global supply remains ample, and China's crop quality is reported as good.
Near-term CBOT futures recovered about 3% last week from recent lows on short covering.
Lower Chinese import needs and ample global supply cap soybean price upside for US, Brazilian and Black Sea exporters. Rallies may be sold rather than signaling a new bull market.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.