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China's 2019/20 corn import forecast was raised to 4 million tonnes, up 1 million from the prior month, after Beijing exempted extra tariffs on US products including corn and sorghum in March. The figure comes from the country's agriculture ministry.
Higher Chinese corn import estimates signal stronger demand for US and other exporters' corn and sorghum. The increase is modest relative to global trade.
reuters.comApr 9, 2020After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
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.
