China makes largest U.S. grain purchases since start of trade war

Not enough comparable past events yet for a historical read.

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.

• May 11, 2021China makes another large purchase of US corn | World Grain-7.7%
• Jun 20, 2021China Makes Large U.S. Soy Purchase, While Granting Domestic Subsidies to Its Grain Farmers-3.3%
• Mar 23, 2020China purchases US grain | 2020-03-23 | World Grain-0.8%
• Aug 16, 2018U.S. grains: Soy climbs as U.S., China plan to restart trade talks - Manitoba Co-operator-1.7%
• Aug 16, 2022China Grain Purchases Remain Steady After Concerns over U.S. Visit to Taiwan - ProAg-3.7%

After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.

• Aug 16, 2018U.S. grains: Soy climbs as U.S., China plan to restart trade talks - Manitoba Co-operator-0.2%
• Dec 11, 2023China significantly steps up US grain purchases | Agriculture Dive-2.8%
• Feb 19, 2020China Sets Up Duty Waivers for U.S. Commodity Purchases - Caixin Global-1.6%
• Oct 3, 2018Wheat shipments since the start of 2018/19 make up 5.5 mln tons — Latifundist.com-2.7%
• Oct 28, 2022Monitoring Trade Policy Changes Since the War-5.9%

After 102 past bullish trade events, Wheat (HRW) moved a median 0.0% over 5 sessions (49% higher; middle half -2.0% to +3.5%), and -1.4% over 20.

• Mar 23, 2020China purchases US grain | 2020-03-23 | World Grain+3.8%
• Mar 23, 2020Major Chinese Purchase of U.S. Wheat - Northern Ag Network+3.8%
• Dec 15, 2016United States Challenges Chinese Grain Tariff Rate Quotas for Rice, Wheat, and Corn | United States Trade Representative+2.2%
• Jan 23, 2019China may buy up to 7 million tons of U.S. wheat-1.9%
• Mar 24, 2020U.S. sees progress on China trade deal's ag provisions | Farmtario-0.6%