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China has purchased more than 20 cargoes of feed grain in the past two weeks, with more purchases expected in the coming weeks. Bloomberg reported on the buying spree, and analysts are examining where China is sourcing supplies.
Strong Chinese import demand for corn and sorghum tightens export availability and supports prices for feed grains.
agweb.comMar 4, 2024After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
Not enough comparable past events yet for a historical read.
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.
China buying over 20 cargoes of feed grain signals export demand that supported a rebound in corn prices.
