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China is prioritizing domestic food security, with plans to set aside arable land for soybeans and to ramp up grain stockpiling. Corn imports reached a record while soybean and pork imports fell in 2021, and meat production surged.
Lower Chinese soybean imports and record corn imports shape global feed grain flows, while expanded domestic soy planting could reduce future import demand and weigh on soybean meal prices.
farmpolicynews.illinois.eduKeith GoodJan 18, 2022After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 369 past bearish policy events, Soybeans moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.
After 26 past neutral policy events, Lean Hogs moved a median -0.9% over 5 sessions (38% higher; middle half -2.6% to +1.7%), and +0.2% 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.
