◂ Event Timeline

Jul 17, 2020REPORTChina

U.S. agricultural exports to China to increase in FY 2020 despite COVID-19 slowdown

The USDA Economic Research Service projects U.S. agricultural exports to China will reach $13.0 billion in fiscal 2020, up from $10.1 billion in 2019. The growth is driven mainly by soybean and pork purchases, with some sorghum and cotton demand as well.

WHY IT MATTERS

A projected rise in Chinese demand for U.S. soybeans and pork supports export-oriented prices. The forecast is a structural signal rather than a new trade event.

AFFECTSSoybeans▲Sorghum▲

SOURCE
ers.usda.govJul 17, 2020

Price reaction & history

Soybeans▲bullishSO FAR1d +0.5%5d +1.4%20d +1.5%

After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.

Jan 6, 2023Record U.S. FY 2022 Agricultural Exports to China | USDA Foreign Agricultural Service+4.3%
Dec 8, 2021Export Sales to China and Mexico | USDA Foreign Agricultural Service+0.7%
Aug 28, 2024Export Sales to China, Colombia, and Mexico | USDA Foreign Agricultural Service+4.0%
Aug 24, 2020Soybean-to-corn price ratio signals increasing soybean profitability | Economic Research Service+5.5%
Feb 5, 2021US sets new record for ag exports to China in 2020 | 2021-02-05 | Agri-Pulse Communications, Inc.-0.4%

Sorghum▲bullish

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.

Soybeans SOY · GP ▸

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Sorghum SORGHUM · GP ▸

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