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China has increased imports of corn, wheat and soybeans twelvefold over five years despite a goal of self-sufficiency in grain by 2032. Beijing is pursuing GM seed adoption, gene-edited soybeans and incentives for soybean planting, though soybeans are less profitable than corn and wheat for farmers.
Persistent Chinese import dependence supports long-run global demand for corn and soybeans. Domestic policy shifts toward soybean planting could eventually reduce import needs.
world-grain.comArvin DonleyJun 7, 2023After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
After 1,623 past policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
After 734 past policy events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.9% to +1.6%), and -0.4% 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.
