◂ Event Timeline

Jan 6, 2023REPORTUS

Record U.S. FY 2022 Agricultural Exports to China

USDA FAS reported that U.S. agricultural exports to China reached a record $36.4 billion in FY 2022, making China the largest export market for a second consecutive year. Soybeans accounted for a record $16.4 billion, with unit values up 24 percent to $622/ton on drought in South America and war in Ukraine.

WHY IT MATTERS

Higher soybean export values driven by price rather than volume signal firm global prices and strong Chinese demand for U.S. soy, supportive for soybean and meal values.

AFFECTSSoybeans▲Corn▲Soybean Meal▲

SOURCE
fas.usda.govJan 6, 2023

Price reaction & history

Soybeans▲bullishSO FAR1d +2.4%5d +4.3%20d +4.4%

After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.

Dec 8, 2021Export Sales to China and Mexico | USDA Foreign Agricultural Service+0.7%
Aug 28, 2024Export Sales to China, Colombia, and Mexico | USDA Foreign Agricultural Service+4.0%
Aug 24, 2021Private Exporters Report Sales Activity for China and Mexico | USDA Foreign Agricultural Service+0.8%
Mar 19, 2026China: Oilseeds and Products Annual | USDA Foreign Agricultural Service+0.9%
Sep 5, 2024China: Oilseeds and Products Update | USDA Foreign Agricultural Service-2.6%

Corn▲bullishSO FAR1d +0.1%5d +1.7%20d +0.6%

After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.

Dec 8, 2021Export Sales to China and Mexico | USDA Foreign Agricultural Service-0.3%
Aug 28, 2024Export Sales to China, Colombia, and Mexico | USDA Foreign Agricultural Service+4.4%
Mar 14, 2022Export Sales to Mexico | USDA Foreign Agricultural Service+1.1%
Apr 15, 2024Export Sales to Mexico | USDA Foreign Agricultural Service-0.2%
Apr 25, 2025Export Sales to Mexico | USDA Foreign Agricultural Service-2.1%

Soybean Meal▲bullishSO FAR1d +2.3%5d +4.0%20d +0.3%

After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.

Dec 4, 2023Export Sales to China, Mexico, and Philippines | USDA Foreign Agricultural Service-1.3%
Mar 19, 2026China: Oilseeds and Products Annual | USDA Foreign Agricultural Service+0.4%
Sep 5, 2024China: Oilseeds and Products Update | USDA Foreign Agricultural Service-2.4%
Nov 21, 2025Argentina: Oilseeds and Products Update | USDA Foreign Agricultural Service-0.8%
Apr 7, 20212020 U.S. Ag Exports Second Highest on Record, Led by Soybeans, Corn and Pork to China | Farm Policy News | Illinois-2.5%

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.

Soybeans SOY · GP ▸

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Corn CORN · GP ▸

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