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China's January-April 2017 agricultural imports rose 17.2 percent to $39.8 billion. Corn imports fell 82.8 percent as China destocks domestic supplies, while wheat, barley and soybean imports rose sharply.
Collapsing Chinese corn imports reduce export demand for U.S. corn, while rising wheat, barley and soybean imports support those markets.
dimsums.blogspot.comLabels: importsJun 7, 2017After 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 431 past bullish trade events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
Not enough comparable past events yet for a historical read.
After 696 past bullish trade events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), 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.
