Will China’s hog sector industrialization hike crop imports?

After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.

• Jun 16, 2017China Widens Gate to GMO Crop Imports from U.S. - Caixin Global-2.3%
• Jan 1, 2025China’s crop import curbs causing soybean shortage-3.4%
• Mar 19, 2022Broad agro-industrial rejection of increased retention of soy by-products and the creation of the Wheat Fund - Infobae+1.4%
• Mar 19, 2022Argentina hikes export tax on soy oil, meal to 33% to combat inflation+1.4%
• Sep 28, 2023Crop Traders Urge Argentina to Liberalize Soy Production and Exports Ahead of Election-5.1%

After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.

• Jun 16, 2017China Widens Gate to GMO Crop Imports from U.S. - Caixin Global-3.5%
• Dec 14, 2017China's war on smog hits farmers+2.3%
• Oct 28, 2026Indian distillers seek 9% corn ethanol price hike as feedstock costs surge | World Ports Organization-0.5%
• Feb 15, 2025Feedstock economics and policy implications for India’s ethanol sector - The HinduBusinessLine+0.2%
• Jan 18, 2022China: Focus on Domestic Production, as Soy, Pork Imports Fell in 2021; Corn Imports Hit Record- Meat Production Surges | Farm Policy News | Illinois+2.5%

After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.

• Jun 16, 2017China Widens Gate to GMO Crop Imports from U.S. - Caixin Global-3.3%
• May 13, 2022US-China Trade War Tariffs Have Hurt American Industries, Workers+1.8%
• Sep 28, 2023Crop Traders Urge Argentina to Liberalize Soy Production and Exports Ahead of Election-2.3%
• May 31, 2017Biodiesel Tax Credit Change Supported by Treasury Secretary | Triangle Biofuels Industries+1.2%
• Sep 15, 2022European bill passes to ban imports of deforestation-linked commodities-2.8%