
US corn and soybean export sales hit July records, with total sales above 7 million tonnes after a large Chinese purchase. USDA's daily reporting system showed China buying 1.937 million tonnes of corn for delivery in the coming marketing year.
Strong Chinese buying of US corn tightens export supplies and supports US corn prices, a major driver for feed grain markets.
After 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.
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.
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.