China’s soybean imports fell to 7.35 million tonnes in October, down 22.5% year on year and about 38% from September, the lowest for that month since 2023. Cumulative imports for the first ten months of 2026 were 93.48 million tonnes, down 2.3%.
Weak Chinese buying reduces demand for US and Brazilian soybeans and weighs on soybean meal prices, as high crushing-plant inventories and poor crush margins slow purchases.
After 804 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.
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.