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Argentina and Brazil are preparing to expand agricultural exports to China, including wheat and corn, as Beijing-Washington tensions are expected to escalate under a second Trump administration. Brazil already supplies about half of China's corn imports from January to October.
Expected South American gains in the Chinese market would reduce U.S. corn and wheat export share and weigh on U.S. prices.
asia.nikkei.comNIKI MIZUGUCHI, KENTARO SHIOZAKI, Nikkei staff writersDec 18, 2024After 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 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
