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China's customs data showed grain imports fell sharply in August after retaliatory tariffs on U.S. goods. Sorghum imports were 79% below a year earlier, corn fell 13.5%, wheat dropped 51.6%, and barley fell 29.1%.
Sharp drops in Chinese demand for U.S. sorghum, corn and wheat weaken export outlooks and put pressure on U.S. feed grain prices unless buyers find alternative origins.
world-grain.comArvin DonleySep 24, 2018Not enough comparable past events yet for a historical read.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
