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Private exporters announced multiple USDA flash sales of corn and soybeans to China in early April 2022, including 42.7 million bushels of corn on April 4 and 40.2 million bushels on April 11. Smaller soybean sales to China and Mexico were also reported.
Steady flash sales to China signal firm export demand, supporting corn and soybean prices for feed buyers.
highlinegrain.comApr 4, 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 696 past bullish trade events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.
