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U.S.-China goods trade reached a record $690.6 billion in 2022, up 2.5% year on year. U.S. imports from China rose 6.3% to $536.8 billion, and U.S. exports to China reached a record $153.8 billion.
The U.S. trade deficit with China widened 8.3% to $382.9 billion.
Strong bilateral trade flows show continued demand for goods, including farm products, despite political tensions. Direct effects on feed commodity prices are limited.
china-briefing.comChina BriefingFeb 15, 2023After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 1,283 past report events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -2.0% to +1.7%), and -0.2% 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.
