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China has bought 8.733 million metric tons of U.S. corn and 1.365 million tons of U.S. sorghum for the 2020/21 marketing year as of Aug. 27.
Importers are expanding U.S. trading capabilities and partnering with river and port facilities.
Large forward sales and improved logistics capacity for Chinese importers support U.S. corn and sorghum export demand. This tends to firm U.S. feed grain prices through the new crop year.
grains.orgrwinkertSep 10, 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.
