
USDA's February 2025 reports project China's 2024/25 corn imports to fall to 10.0 million tons, less than half the 23.4 million tons imported in 2023/24. The agency also raised its 2025 rice import forecast by 200,000 tons to 2.2 million tons.
A sharp cut in Chinese corn imports lowers global corn demand, while higher rice imports support rough rice demand.
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.
After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% 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.