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A joint FAO-OECD report says India, Southeast Asia and Sub-Saharan Africa are expected to replace China as the main drivers of global agricultural consumption growth over the coming decade. China's share of additional demand is projected to fall from 28% to 11%, reflecting its declining population and slower income growth.
A structural shift away from Chinese demand suggests future oilseed and grain export growth will depend more on South and Southeast Asian buyers, a long-term factor rather than an immediate price driver.
producer.comSean PrattJul 11, 2024Not enough comparable past events yet for a historical read.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
