Panamax rates to fall further on China’s dwindling demand for grain

Not enough comparable past events yet for a historical read.

After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.

• Feb 13, 2020U.S. grains: Soy up on prospects for Chinese demand - AgCanada+5.3%
• Jan 31, 2020Canadian grain exports behind on year due to poor Chinese demand-0.2%
• Nov 2, 2018As China soy demand wavers, U.S. farmers turn back to grains-4.0%
• Sep 26, 2022Chinese demand for grain imports takes tumble | The Western Producer+0.6%
• Feb 1, 2020Poor Chinese demand a setback for grain exports - AgCanada+0.1%

After 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.

• Feb 13, 2020U.S. grains: Soy up on prospects for Chinese demand - AgCanada+1.0%
• Mar 9, 2020Grain Journal | China Feed Demand Down, According to Latest USDA…+0.3%
• Nov 2, 2018As China soy demand wavers, U.S. farmers turn back to grains+3.2%
• Jan 28, 2025Panamax Pain as China's Grain Imports Plunge 51%+0.7%
• Jan 10, 2025Barley prices and China's changing grain demand | Stock Journal | SA+3.2%