◂ Event Timeline

Feb 26, 2024REPORTChina

China to maintain lead in agricultural imports for next decade

A USDA long-term outlook projects China will remain the largest importer of soybeans, reaching 62.4% of global imports by 2033/34. China's sorghum and barley imports are expected to grow strongly to meet feed demand.

Corn imports are projected to stay nearly flat.

WHY IT MATTERS

Sustained Chinese feed-grain demand supports long-run sorghum, barley and soybean trade. Flat corn imports mean limited upside for corn exports to China.

AFFECTSSoybeans▲Sorghum▲Barley▲

SOURCE
apk-inform.comFeb 26, 2024

Price reaction & history

Soybeans▲bullishSO FAR1d +0.3%5d +0.9%20d +5.3%

After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.

Jan 6, 2023Record U.S. FY 2022 Agricultural Exports to China | USDA Foreign Agricultural Service+4.3%
Dec 8, 2021Export Sales to China and Mexico | USDA Foreign Agricultural Service+0.7%
Aug 28, 2024Export Sales to China, Colombia, and Mexico | USDA Foreign Agricultural Service+4.0%
Aug 1, 2023China: China Trade Data Update - 1st Half CY2023 | USDA Foreign Agricultural Service-2.2%
Mar 19, 2026China: Oilseeds and Products Annual | USDA Foreign Agricultural Service+0.9%

Sorghum▲bullish

Not enough comparable past events yet for a historical read.

Barley▲bullish

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.

Soybeans SOY · GP ▸

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Sorghum SORGHUM · GP ▸

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