US farm exports hit three-year low in 2023 as China slows buying

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.

• May 4, 2018Angst in farm belt after reports that China halted buying US soybeans+0.8%
• Nov 7, 2024Trump's tariff threat puts US farm exports to China at risk-0.1%
• Mar 4, 2025China slaps extra tariffs of up to 15% on imports of major US farm exports | AP News+3.2%
• Aug 25, 2025Tariff escalations trigger another decline in US farm exports to China+1.9%
• Sep 13, 2024Weathering the Storm: U.S. Corn Exports Drop as China Shifts Import Strategy+2.9%

After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.

• May 4, 2018Angst in farm belt after reports that China halted buying US soybeans-2.9%
• Nov 7, 2024Trump's tariff threat puts US farm exports to China at risk+1.0%
• Jan 17, 2024China's Q1 Soybean Imports Slow to Four-Year Low as Pig Herds Shrink - Pork Business+1.0%
• May 29, 2019Local ports see 'dramatic hit' to soybean exports during US-China trade war+3.0%
• Apr 4, 2018USDA: Tariffs Proposed by China Would Hit $16.5B in US Ag Exports+1.2%

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.

• May 4, 2018Angst in farm belt after reports that China halted buying US soybeans-4.0%
• Aug 23, 2023US wheat exports expected to hit 52-year low | Agriculture Dive-4.8%
• Dec 7, 2023China accounting for bulk of Canadian canola exports so far - Grainews-4.0%
• Jul 19, 2021US revives WTO grain import quota case as China lags behind in commitments to buy American farm goods | South China Morning Post-0.6%
• Feb 4, 2025How is China hitting back against US tariffs?-0.4%