Read this article here https://www.reuters.com/world/china/us-soybean-exports-may-fall-20-without-china-trade-deal-agresource-says-2025-05-14/
When one market has been your largest buyer, it is not easy to find replacement in a short period of time or maybe not for a long , long time. This happens in the case of US selling soyabeans to China. With the tariffs since 2018, China has been sourcing for alternative suppliers like Brazil and other countries to buy soyabean.
This has caused the demand for soyabeans to falter drastically. Now, the tide might change and we can see the end of the bearish trend line in the chart. Of course, the price can hit multiple times on the resistance line and continue to head south OR breakout and rally from here for which i am going to nibble some LONG position.
As usual, please DYODD
When one market has been your largest buyer, it is not easy to find replacement in a short period of time or maybe not for a long , long time. This happens in the case of US selling soyabeans to China. With the tariffs since 2018, China has been sourcing for alternative suppliers like Brazil and other countries to buy soyabean.
This has caused the demand for soyabeans to falter drastically. Now, the tide might change and we can see the end of the bearish trend line in the chart. Of course, the price can hit multiple times on the resistance line and continue to head south OR breakout and rally from here for which i am going to nibble some LONG position.
As usual, please DYODD
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