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A Chinese Academy of Agricultural Sciences report projects China will still rely on the US for about 39% of its soybeans and 60% of its sorghum by 2050. The report also calls for diversifying suppliers, including Brazil and Argentina.
Long-term reliance on US soybeans and sorghum supports structural export demand, though the outlook is a projection rather than a near-term price driver.
global.chinadaily.com.cnLI LEIJun 7, 2024After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
Not enough comparable past events yet for a historical read.
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.
