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A USDA FAS report projects China's corn imports at 20 million tonnes, 6 million below USDA WASDE estimates, while sorghum imports rise. China has bought Ukrainian corn, and 80% of its committed U.S. corn remains unshipped.
Lower Chinese corn import demand and a shift toward Ukrainian supply reduce demand for U.S. corn and pressure prices, while higher sorghum imports support that feed grain.
ukragroconsult.comFeb 8, 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.
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.
