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China imported 3.5 million tons of corn in September, three times the level of September 2020, and 1.5 million tons of barley. Russia exported 1.38 million tons of soybeans in 2020/21, with 1.08 million tons going to China.
Ukraine's oilseed exports in September rose month on month.
Heavy Chinese corn and barley imports support global feed grain prices, while rising Russian and Ukrainian oilseed exports add competition for US supplies. The net effect on prices is modest.
grainsprices.comGate.BGOct 20, 2021After 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.
Not enough comparable past events yet for a historical read.
After 250 past neutral trade events, SOY moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), 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.
