China Turns to South America for Soybeans as U.S. Corn, Sorghum Exports Gain Momentum

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.

• Mar 14, 2019Europe Buys More U.S. Soybeans as Exports to China Plunge - Caixin Global+1.9%
• May 23, 2025US farmers feel pain as soybean exports to China flatline despite tariff truce | South China Morning Post-2.4%
• Nov 1, 2018China slashed its imports of U.S. sorghum, soybean, and corn in September+3.4%
• Feb 1, 2017Trump trade plans, South America crops could hurt U.S. farm exports+1.8%
• Jan 13, 2026Argentina soybean exports forecast to rise | World Grain+1.9%

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.

• Dec 7, 2016South American Gains Export Share at Expense of U.S.+1.6%
• Oct 27, 2017US export report: China buys soybeans / Spain buys-0.2%
• Dec 9, 2020Soybeans still China's top U.S. ag import - Best Soil Amendments+1.3%
• Feb 24, 2021U.S. Corn Exports To China Boom - 2020 Year in Review+0.7%
• Jun 18, 2026Grains End Higher on Soybean Export Biz as China Also Looks for Corn and Wheat - AgWeb-1.2%

After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.

• Jun 18, 2026Grains End Higher on Soybean Export Biz as China Also Looks for Corn and Wheat - AgWeb-1.4%
• Feb 4, 2021Grain Exports to China Continue Rising | Feed & Grain-0.2%
• Jun 7, 2017China Ag Imports Boom--Except for Corn-0.9%
• Dec 31, 2020China heads to end of 2020 with big imports of US soy, wheat, sorghum and corn | 2020-12-31 | Agri-Pulse Communications, Inc.+4.1%
• Apr 23, 2021Corn, Wheat and Soybean Prices Continue to Surge, China Buys U.S. Corn for Fourth-Quarter Shipment | Farm Policy News | Illinois+3.2%

Not enough comparable past events yet for a historical read.