Explainer: What do China's new US farm purchases mean for global trade?

After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.

• Aug 6, 2019Chinese Companies Halt U.S. Farm Goods Purchase - Caixin Global-3.1%
• May 30, 2019China Halts U.S. Soybean Purchases, While USMCA Prospects Unfold Under a new Threat of Tariffs on Mexico - Farm Policy News-0.9%
• Jan 16, 2020China's 'market condition' caveat on U.S. ag purchases adds to trade deal doubts+0.7%
• Apr 25, 2023China's move to cancel US corn purchases leaves Asian traders in split-2.4%
• Apr 24, 2023US corn falls after China cancels purchases; drags wheat, soy lower-0.7%

After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.

• Mar 15, 2023Explainer: Can Ukraine's grain corridor ease the global food crisis?-2.8%
• Oct 26, 2018U.S.-Canada trade war means more market share, but smaller profits for Canadian farmers | Globalnews.ca+0.8%
• Sep 13, 2019Soybeans extend gains after big Chinese purchase fuels trade hopes | Financial Post+2.2%
• Dec 10, 2019Soybeans extend gains as Chinese purchases stir hopes of U.S.-China deal | Financial Post+2.5%
• Nov 15, 2022Importance of agri exports — and what Govt can do to boost India’s farm trade surplus+1.1%