
Soybeans and corn finished higher on commercial and technical buying after the US and China agreed to a 90-day ceasefire in the trade war, though no details were official. Soybean meal and oil followed beans higher, while meal was pressured by African Swine Fever in China.
The USMCA was signed at the G20 but still needs ratification.
The 90-day truce supports soybean prices by reducing the risk of lost Chinese demand. African Swine Fever in China is a bearish factor for soybean meal demand.
Tras 696 eventos alcista de comercio pasados, Soja se movió una mediana de +0,3 % en 5 sesiones (54% al alza; mitad central entre -1,3 % y +1,9 %), y +0,7 % en 20.
Tras 729 eventos alcista de comercio pasados, Maíz se movió una mediana de +0,4 % en 5 sesiones (56% al alza; mitad central entre -1,1 % y +1,8 %), y +0,5 % en 20.
Tras 224 eventos neutral de comercio pasados, Harina de soja se movió una mediana de -0,2 % en 5 sesiones (43% al alza; mitad central entre -1,7 % y +1,2 %), y -0,2 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Corn closed higher on commercial and technical buying after the 90-day US-China ceasefire, which supports the sentiment-driven rally on the day.
Corn closed higher on commercial and technical buying after the US-China 90-day ceasefire on Dec 3.