
USDA data show US agricultural and food exports to China reached a record $40.9 billion in 2022, up 14.5% from the prior year. Bulk products such as soybeans and corn led the list, with record beef and poultry sales as well.
Sustained Chinese demand for US bulk products supports US soybean and corn export flows. The effect on prices is incremental because the figures are retrospective.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.