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S&P Global analysis expects China's grain imports to rise in coming years, based on auction patterns, local meat production and corn output. China has faced a corn supply deficit since 2016, covered by reserve auctions, and its imports of barley, sorghum and wheat grew in 2020 and 2021.
Expected higher Chinese import demand for corn, barley, sorghum and wheat would tighten global supplies and support export prices. The outlook is a structural trend rather than a single new purchase.
spglobal.comJul 23, 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.
Not enough comparable past events yet for a historical read.
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.
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.
