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China's corn imports climbed to a three-year high in July as dry weather in the northeast threatened output and hog and poultry demand expanded. Chinese purchases of U.S. pork, sorghum and corn also rose, and Chicago corn gained more than 7% in August.
Rising Chinese feed grain and sorghum imports tighten global supplies and support prices. Stronger hog and poultry demand in China points to firmer demand for protein feed inputs.
aljazeera.comBloombergAug 25, 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.
After 85 past bullish trade events, Lean Hogs moved a median +0.8% over 5 sessions (54% higher; middle half -1.8% to +4.5%), and +4.0% 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.
