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An academic study models the domestic supply and demand factors that drive China's grain and oilseed imports and projects the effect on U.S. exports to China. It finds that Chinese policy changes could significantly affect exporting countries.
The study's projections are long-run and analytical, so they are unlikely to move near-term prices for corn or soybeans.
onlinelibrary.wiley.comSunil P. Dhoubhadel, William RidleyAug 1, 2024After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), 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.
