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China's grain imports in 2022 totaled 146.9 million tonnes, down from the 2021 record of 164.5 million tonnes, with the yuan value up 13.7% as a stronger dollar raised costs. Corn imports fell 27.3% to 20.62 million tonnes, and Brazil has become an approved corn origin for China.
Lower Chinese feed grain imports and reduced inclusion of corn and soymeal in rations weigh on global feed demand, while Brazil's new access diversifies supply.
graincentral.comGuest AuthorJan 24, 2023After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), 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.
