Loading…
The U.S. Grains Council reports that China became the top export destination for U.S. corn in 2021. U.S. corn exports to China rose to nearly 8.86 million tonnes between September 2020 and March 2021, and China contracted to import 23 million tonnes that year.
The shift was driven by the Phase One trade deal, China's hog herd rebuilding after African Swine Fever, and long-term livestock development efforts.
A structurally larger Chinese import program for U.S. corn supports long-term export demand and U.S. corn prices. The article describes an established trend rather than a new shock.
grains.orgMar 3, 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.
