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China has begun purchasing U.S. soybeans for the coming marketing year, but its plans for U.S. corn remain unclear. Sales to China for 2021-22 were well below the prior year through late January.
Soybean purchases support U.S. soy prices and meal supply, while uncertainty over corn demand keeps that market exposed to downside risk.
reuters.comKaren BraunFeb 4, 2022After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 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.
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.
