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China's 2023 grain imports rose 12% to 162 million tonnes, while their value dipped slightly to US$82.3 billion. December corn receivals hit a monthly record of 4.95 Mt, and full-year corn imports rose 31.6% to 27.13 Mt, lured by Brazilian supply.
Strong Chinese corn buying from Brazil and Argentina diverts demand from U.S. corn and reflects ample South American supply that pressures global feed grain prices.
graincentral.comGuest AuthorJan 23, 2024After 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.
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.
