China looks to cut corn, soymeal content in animal feed

After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.

• May 4, 2021China moves to cut corn, soy in feed rations - Manitoba Co-operator+1.5%
• Apr 21, 2021China issues guidance on reducing corn, soy use in feed | Feed Strategy+14.7%
• Jan 18, 2021Mexico GMO corn ban includes animal feed imports | Feed Strategy-2.6%
• Jan 5, 2021Mexico bans GMO corn, plans to phase out imports | Feed Strategy+3.1%
• Dec 21, 2021China to reduce soy in animal diets 21.12.2021 - UkrAgroConsult+1.4%

After 223 past bearish policy events, SBM moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.

• Nov 1, 2018China may lower soy protein content in animal feed+0.5%
• Apr 14, 2023Food security drives China to cut soymeal use in animal feed | Reuters-1.7%
• May 20, 2021Chinese firms cut soymeal content in hog feed to reduce imports - Global Times-3.8%
• Sep 22, 2022China to Cut Soybean Meal in Livestock Feed | Feed & Grain-6.3%
• May 4, 2021China moves to cut corn, soy in feed rations - Manitoba Co-operator+6.2%

After 182 past bullish policy events, WHEAT moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% over 20.

• Apr 21, 2021Reshaping grain trade? China moves to change animal feed recipes | Reuters+4.5%
• Apr 21, 2021China Seeking Alternatives to Corn and Soybean Meal | Red River Farm Network+4.5%
• Dec 12, 2023India tightens control of agricultural commodities ahead of election – Chin@Strategy+2.2%
• Jul 4, 2025China Grain and Feed Outlook 2025 | Paradigm Futures-3.4%
• Sep 2, 2018Argentina IMF deal could mean reversal of Macri's grain tax cuts+4.3%