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Chinese grain imports fell in July after heavy tariffs between the U.S. and China took effect. Sorghum imports fell 62.5%, corn fell 63% and wheat fell 43% year over year.
Chinese experts blamed the trade war, and China has begun importing pork from Chile and the EU.
Lost Chinese demand for U.S. feed grains pressures U.S. sorghum and corn export values. Shifting purchases to other origins limits any recovery in U.S. exports until the dispute eases.
southeastagnet.comDanAug 28, 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.
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.
