
US agricultural exports rose 10.8% in 2022 to $195.6 billion, but the agricultural trade balance remained negative at $1.3 billion. Imports rose 15% in early 2023, leaving a negative balance in January to March.
A widening import surplus signals stronger foreign supply competition and softer net export demand for US farm commodities.
After 1,802 past trade events, SOY moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.
After 1,982 past trade events, CORN moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.
After 977 past trade events, SBM moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.8%), and +0.1% 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.