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U.S. soybean exports to China fell sharply in 2021, which analysts link to flaws in the Phase 1 agreement. U.S. corn exports to China reached a record 18.8 million tonnes, valued at $5.1 billion.
The sharp drop in soybean sales to China reduces export demand and pressures soybean and meal prices, while record corn shipments support corn demand.
reuters.comKaren BraunFeb 9, 2022After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 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.
