Brazil moves closer to China corn exports as Beijing approves traders

After 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.

• Jan 18, 2023U.S. comes closer to losing corn export crown to Brazil-1.7%
• Dec 5, 2022China Ramps Up Corn Purchases From Brazil as US Exports Decline - Bloomberg-0.2%
• Dec 12, 2024Trump trade war to hurt farmers as China turns to Brazil-0.0%
• Oct 6, 2023US corn, soy exporters continue battling huge Brazilian supplies | Reuters-0.5%
• Apr 25, 2023China's move to cancel US corn purchases leaves Asian traders in split-2.4%

After 26 past neutral trade events, Brazilian Real (BRL per USD) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.4%), and +1.3% over 20.

• Jan 27, 2023FAS Report Highlights China’s Corn Imports From Brazil; While Rice Prices Climb | Farm Policy News | Illinois-1.4%
• Aug 16, 2019China boosts Brazil soy imports as Argentina hoards crops | Buenos Aires Times+1.1%
• Oct 12, 2022China Set to Import Brazilian Corn in Challenge to US Supply - Bloomberg+1.5%
• Jul 17, 2026Record rice exports help lift producer prices in Brazil - DatamarNews-0.2%
• Sep 26, 2018Graphic: Crop chop - China shuns U.S. soybeans amid trade war, turns to Brazil-4.8%