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The USDA Foreign Agricultural Service reports 2020 US agricultural exports of nearly $146 billion, the second highest on record. Soybean exports rose 38% to a record $25.7 billion, with China taking 55% of soybean export value.
Strong export demand led by China reduces US domestic supplies of soybeans, corn and pork, supporting feed grain and meal prices.
farmpolicynews.illinois.eduKeith GoodApr 7, 2021After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), 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.
