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China's 2017 customs data show total cereal imports of 130.62 million tonnes, up 13.9 percent from 2016. Soybean imports were 95.53 million tonnes, with rice at 4.03 million, wheat at 4.42 million, and corn at 2.83 million.
Officials say grain self-sufficiency remains above 95 percent.
Record Chinese soybean imports confirm strong structural demand for protein meal, supporting world soybean and meal prices. Corn import volume at 2.83 million tonnes is modest relative to total cereal demand.
en.people.cnF_200745Feb 1, 2018After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
After 770 past neutral report 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.
