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US corn sales to China total about 10.6 million tonnes as of October 22, above USDA's 7 MMT import projection and the 7.2 MMT low-tariff quota. Analysts speculate China may raise its quota after Chinese corn production was damaged by typhoons and flooding.
If China expands its tariff-rate quota and buys more US corn, export demand would tighten US supplies and support corn prices, a key feed ingredient.
fb.orgShelby MyersOct 29, 2020After 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.
