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Agricultural trade between China and the US remains strong, with US farm exports to China in the first half of the year worth $17.5 billion, up 15% from a year earlier. China's imports of US farm products reached new highs and are on track to make it the leading buyer for a third consecutive year.
Robust Chinese purchases of US farm goods support US export demand and prices, though the article is general commentary without a new volume shock.
global.chinadaily.com.cnLIU YINMENGOct 31, 2022After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), 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.
