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An analysis from Virginia Tech notes that China has become the largest importer of food and agricultural products, driven by food security goals, urbanization and rising incomes. The article also cites African swine fever, which cut China's hog herd by an estimated 40 to 50 percent, as a source of import demand.
China's structural import growth and diversification away from the U.S. shape long-run demand for feed grains and proteins, with the share of U.S. supply shrinking.
feedandgrain.comLisa CleaverApr 6, 2022After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 28 past neutral trade events, Lean Hogs moved a median -0.4% over 5 sessions (46% higher; middle half -2.2% to +0.7%), and -0.3% 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.
