
USDA attachés in Beijing project minor to moderate changes in China's 2026/27 crops, including slightly more soybean plantings and a small rise in canola acres. China bought 650,000 tonnes of Canadian canola after removing or reducing tariffs in February, and its corn imports are shifting toward Brazil.
Chinese canola purchases from Canada support that market's exports and compete with soymeal, while the shift of corn import origin to Brazil reshapes competitive flows for US corn.
Not enough comparable past events yet for a historical read.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.