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U.S. corn exports to China in the 2020/21 marketing year reached a record of over 21.4 million metric tons, up 952% from the prior year. China bought nearly one-third of all U.S. corn exported that year, driven by purchases under the Phase One agreement.
Record Chinese buying tightens U.S. corn export availability and supports corn prices, which raises feed costs for buyers.
grains.orgMay 10, 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.
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.
