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A Chinese agricultural policy expert told a food security forum that the farm trade deficit has run for 11 straight years and will persist. Grain imports topped 100 million tonnes last year, and imports of sorghum and DDGS have grown strongly.
Persistent Chinese import demand for feed grains and substitutes such as sorghum and DDGS supports global export demand. Domestic prices sitting above world levels reinforce that pull.
Not enough comparable past events yet for a historical read.
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.