Loading…
A USDA GAIN report projects Chinese corn imports falling 6 million tonnes to 20 million in 2021-22 as domestic output rises. Barley imports are forecast to rise to 10.5 million tonnes, while sorghum imports are expected to dip 2.5 million tonnes.
Lower Chinese corn and sorghum import needs weaken export demand for these feed grains, while higher barley imports partly offset that for barley suppliers.
world-grain.comHolly Demaree-SaddlerJul 6, 2021After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
