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Chinese customs data show soybean imports in November 2022 fell 14.2% year on year to 7.35 million tonnes. Corn imports in October were 5.8% lower than a year earlier, while wheat and palm oil imports rose.
Year-to-date soybean imports reached 80.53 million tonnes.
Lower Chinese soybean and corn imports reduce global demand for these grains and put downward pressure on prices. Rising wheat and palm oil imports partly offset the weakness in feed grains.
datamarnews.comGabriel MalheirosDec 21, 2022After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% 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.
