
China's Ministry of Agriculture cut its corn import forecast for the current fiscal year to 3 million tonnes from 7 million, the lowest in eight years. The report attributed the cut to U.S. tariffs and quotas, and it raised the soybean import forecast to 104 million tonnes.
Lower Chinese corn imports reduce global demand for corn and weigh on export prices. A higher soybean import estimate supports demand for soybeans from Brazil and other suppliers.
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.
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.
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.