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USDA Foreign Agricultural Service data show China's coarse grain imports for 2020/21 reached 50.2 million tonnes, doubling the previous record. Corn and barley imports hit new highs, and sorghum imports were the second-largest on record.
The U.S. supplied most of China's corn and sorghum.
Record Chinese imports of corn, sorghum and barley support U.S. feed grain export demand and prices. Recovering hog herds and widened import margins drove this demand.
farmpolicynews.illinois.eduKeith GoodNov 11, 2021After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
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.
