Loading…
USDA data show China imported a record 37.8 million tons of major feed grains from October 2023 to May 2024, nearly double the prior year. Barley imports reached 11.7 million tons and sorghum 5.2 million tons, driven by steep discounts on those grains and corn imports from Brazil.
Heavy Chinese buying of cheap barley and sorghum displaces US and other corn and sorghum exports, pressuring feed grain prices globally.
grainjournal.comAug 20, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
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.
