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Pig producers in China are rebuilding herds after African swine fever losses and shifting toward corn-, sorghum- and soymeal-based diets. A U.S. Grains Council official said China has auctioned 48 million metric tons of corn in the past 12 weeks.
Rebuilding herds and a move away from inferior feeds raise import demand for corn, sorghum, barley and soymeal, which supports U.S. feed grain prices.
feedstrategy.comRoy GraberAug 26, 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.
Not enough comparable past events yet for a historical read.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.
