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USDA's Foreign Agricultural Service report shows that U.S. specialty crop exports to China in 2023 were led by tree nuts at $1.2 billion. Exports of other specialty crops have declined due to improved Chinese domestic production, retaliatory tariffs, and free trade deals with Southern Hemisphere competitors.
The report covers specialty crops outside the feed-grain and oilseed complex, so it has little direct effect on feed commodity prices.
fas.usda.govJul 10, 2024After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 1,283 past report events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -2.0% to +1.7%), and -0.2% 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.
