China needs 'explosive' buying to meet U.S. farm import target

After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

• Sep 22, 2022U.S. Weekly Export Sales to China Notable in Wheat, Meats - Pro Farmer-2.8%
• Aug 10, 2018China expects its U.S. agricultural imports to fall sharply - Grainews-7.5%
• Aug 30, 2021WTO to examine U.S.-China dispute on grain import quotas-6.1%
• Jun 30, 2021Report: China Changes Buying Tactics | Feed & Grain-0.4%
• Nov 23, 2017China's pig farmers go north, upending world's top meat, grain market-0.4%

After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.

• May 14, 2020China likely to speed up buying of U.S. farm goods: COFCO exec+1.3%
• Oct 5, 2021China’s buying — and U.S. farms cashing in-0.6%
• Sep 24, 2019China gives waivers to importers to buy U.S. soy exempt from tariffs: sources+1.5%
• May 13, 2020ADM still optimistic China's U.S. farm products buying will hit Phase 1 target-0.8%
• Jan 5, 2021Phase One Ag Targets Lag, But U.S. Soybean and Corn Exports to China Surge | Farm Policy News | Illinois+4.4%