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China's agricultural imports reached $61.2 billion in the first half of 2017, up 14.5 percent year on year, while exports were $34.9 billion. Oilseed imports were $20.8 billion, up 26.2 percent, and wheat and barley imports rose sharply while corn and sorghum imports plunged.
Strong Chinese oilseed demand supports soybean prices, and higher wheat and barley imports add demand for those grains. The drop in corn and sorghum imports weighs on those markets.
dimsums.blogspot.comexports imports tradeAug 2, 2017After 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 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
