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Reports say China has been buying large volumes of grain and corn, including US corn purchases of about 1.0 million metric tons each in April. China's grain imports this year were about 42 million tons, versus about 50 million last year, as Ukraine's corn exports were constrained by the war.
Chinese buying of corn from non-Ukrainian origins supports global corn demand and prices, though lower total grain imports partly offset this.
dailycallernewsfoundation.orgJack McEvoyJul 11, 2022After 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.
