
China's soybean imports almost doubled year on year in March, as cargoes from top exporter Brazil cleared customs after earlier delays. First-quarter corn and wheat shipments also rose as elevated domestic corn prices amid a supply shortage drew in imports.
Strong Chinese import demand tightens global export availability for soybeans, corn and wheat, supporting prices. Import pull for feed grains is especially supportive for feed buyers.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), 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.