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A U.S. Grains Council market update reports that China's feed imports fell sharply in December, with sorghum imports at zero under a 25% tariff and barley down 75%. Corn imports rose, and China's remaining corn stockpiles are disputed.
Weak Chinese sorghum and barley demand under tariffs bears on those grains' export prices, while uncertain Chinese corn stocks and possible quota increases add to corn market uncertainty.
grains.orgJan 24, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), 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.
