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The US-China 100-day trade talks are due to end on July 16 and have produced early results, including the reopening of US beef sales to China. China has also approved two of eight US biotech applications.
Bloomberg reported that major breakthroughs look less likely given tensions over North Korea and rhetoric from Xi Jinping.
Limited progress in the talks lowers the chance of large new US farm purchases beyond those already signed. Beef market access supports cattle sentiment only modestly.
farmprogress.comBloomberg6 jul 2017Tras 78 eventos alcista de comercio pasados, Ganado en pie se movió una mediana de +0,1 % en 5 sesiones (51% al alza; mitad central entre -1,1 % y +1,2 %), y +0,5 % 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.
