Exclusive: Amid coronavirus, China looks to U.S. crops for state reserves - sources

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.

• Apr 30, 2020China Boosts Low-Tariff Corn Imports as State Reserves Drop (1)+1.9%
• Mar 15, 2026EXCLUSIVE: US, China discuss farm goods, managed trade in 'remarkably stable' Paris talks, sources say | Reuters+2.4%
• Dec 2, 2025Exclusive: More US soybean shipments to China due to load through mid-December | Reuters+0.5%
• Mar 18, 2021Processors Struggle to Source as China Buys U.S. Corn | Feed & Grain+10.8%
• Jan 30, 2026China Turns to South America for Soybeans as U.S. Corn, Sorghum Exports Gain Momentum - RFD+0.7%

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.

• Dec 19, 2024Exclusive: China's state importer books US soy purchases as tariff threat looms | Reuters+3.8%
• Jun 4, 2019Exclusive: Pile drive - China expected to divert outstanding U.S. soybean cargoes into reserves-2.3%
• Aug 3, 2026EXCLUSIVE: Chinese state traders make large US soybean purchases | Reuters-1.3%
• Oct 29, 2025EXCLUSIVE: China buys US soybean cargoes ahead of Trump-Xi meet, sources say | Reuters+2.8%
• Mar 15, 2026EXCLUSIVE: US, China discuss farm goods, managed trade in 'remarkably stable' Paris talks, sources say | Reuters-4.1%

Not enough comparable past events yet for a historical read.