China's July grain imports plunge as tariffs on U.S. supplies bite

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.

• Dec 23, 2020China’s Soy Imports to Top 100 Million Tons as U.S. Supply Jumps - Caixin Global+4.2%
• Oct 31, 2019Exclusive: Beijing could ax extra tariffs on U.S. farm products to boost imports - China trade association chief+0.9%
• Jul 2, 2026China and U.S. seek tariff rollback on farm products - TT+0.2%
• Apr 13, 2021China's Q1 soybean, grains imports surge on strong demand+1.5%
• Apr 30, 2020China Boosts Low-Tariff Corn Imports as State Reserves Drop (1)+1.9%

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.

• Apr 13, 2021China's Q1 soybean, grains imports surge on strong demand+4.1%
• Aug 24, 2018China grain imports fall sharply | 2018-08-24 | World Grain+1.5%
• Dec 9, 2020China’s Grain Imports Surge 30% on Rising Livestock Demand - Caixin Global-1.1%
• Jul 23, 2021China’s grain auction and meat production patterns point to rising imports-0.4%
• Mar 19, 2021China Ramps Up Farm Imports to Plug Shortages, Keep Prices Down - Caixin Global+0.8%