
China bought $7.2 billion of US farm goods other than soybeans from January to September, the lowest for that period since 2019. Analysts say weak Chinese demand and competition make the $17 billion annual purchase pledge hard to reach without state buyers being ordered in.
Weak Chinese buying of US corn, sorghum and other non-soy goods removes a source of export demand and weighs on those US feed grain prices, while soybeans are on track to meet the commitment.
After 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.
Not enough comparable past events yet for a historical read.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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.