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China's grain imports have diversified, with purchases rising from many countries and the U.S. taking a smaller share. A Virginia Tech analyst cited food security goals and African swine fever as drivers of Chinese import demand.
A smaller U.S. share of China's imports reduces American export demand for corn and soybeans, which pressures prices even as total Chinese imports stay large.
feedandgrain.comLisa CleaverFeb 25, 2022After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 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.
Not enough comparable past events yet for a historical read.
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.
