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China bought a record $35.9 billion in U.S. agricultural products in 2021, with corn purchases rising to $5.1 billion and beef purchases reaching $1.6 billion. Together, corn and beef accounted for 72% of the roughly $7.1 billion increase in purchases.
Sustained Chinese buying of U.S. corn and beef supports corn prices and cattle demand, though purchases remain below Phase One targets.
beefmagazine.comJun 6, 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.
After 78 past bullish trade events, Live Cattle moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), 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.
