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Government data released on Monday showed China remained the top customer for US food and agricultural exports in the first half of 2022, buying $16.8 billion. China was on pace to break its 2021 record and was more than $2 billion ahead of Canada and Mexico.
Strong Chinese demand for US ag exports supports overall US farm income and export prices, although the trade war and political tensions create ongoing uncertainty for the outlook.
ukragroconsult.comAug 15, 2022After 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.
After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.
After 977 past trade events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.8%), and +0.1% 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.
