
China's soybean imports from the United States fell 63% in July from a year earlier to 142,150 metric tons. Brazilian shipments rose 32% to 9.23 million tons as Chinese buyers took advantage of a bumper crop and lower prices.
US corn imports into China also fell 42.4% year on year in July.
Shifting Chinese buying toward cheaper Brazilian soybeans and corn weighs on US export demand and prices for those crops.
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.
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.
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.