# Commodity Kindles as Trade Ease Surfaces; Is the Rally Sustainable or Is it on a Weak Footing?

> Kalkine Media reports that the US and China are easing trade tensions, with China removing tariffs on pork and soybean products and the US reciprocating with tariff reductions. The article also says falling interest rates, weaker global currencies and dovish central banks are supporting commodity prices and equity markets.

- Date: 2019-12-23 · published 2019-12-23T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/10021-commodity-kindles-as-trade-ease-surfaces-is-the-rally-sustainable-or-is-it-on-a
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower tariffs on US soybeans and pork should support export demand for soybeans and corn, while a weaker dollar supports dollar-priced commodities. The trade thaw is the main driver of the rally.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-11-24 | [Why Grain Prices are Surging and What It Will Take For The Rally to Last - ProAg](https://feedsoft.ai/events/4399-why-grain-prices-are-surging-and-what-it-will-take-for-the-rally-to-last-proag.md) | -2.5% | +4.7% |
| SOY | 2019-02-22 | [WCU Commodities ride high as trade talks continue to dominate the agenda \| Saxo](https://feedsoft.ai/events/11848-wcu-commodities-ride-high-as-trade-talks-continue-to-dominate-the-agenda-saxo.md) | -1.5% | -0.1% |
| SOY | 2019-12-16 | [Factbox: How China tariffs on U.S. commodities, energy stand after 'phase one' trade deal](https://feedsoft.ai/events/55441-factbox-how-china-tariffs-on-u-s-commodities-energy-stand-after-phase-one-trade.md) | +2.3% | +2.3% |
| SOY | 2025-05-12 | [Soybeans Rally on Tuesday Following Weekend Trade Talks and Friendly USDA Data](https://feedsoft.ai/events/9505-soybeans-rally-on-tuesday-following-weekend-trade-talks-and-friendly-usda-data.md) | +0.6% | +1.1% |
| SOY | 2023-10-25 | [Keynote Speech by H.E. Ambassador Xie Feng at the U.S.-China Sustainable Agricultural Trade Forum & Contract Signing Ceremony_Embassy of the People's Republic of China in the United States of America](https://feedsoft.ai/events/14803-keynote-speech-by-h-e-ambassador-xie-feng-at-the-u-s-china-sustainable.md) | -0.6% | +6.3% |
| CORN | 2019-12-16 | [Factbox: What is actually in the U.S.-China 'Phase One' trade deal?](https://feedsoft.ai/events/55443-factbox-what-is-actually-in-the-u-s-china-phase-one-trade-deal.md) | +4.2% | +4.8% |
| CORN | 2020-11-24 | [Why Grain Prices are Surging and What It Will Take For The Rally to Last - ProAg](https://feedsoft.ai/events/4399-why-grain-prices-are-surging-and-what-it-will-take-for-the-rally-to-last-proag.md) | -2.0% | -2.8% |
| CORN | 2019-02-22 | [WCU Commodities ride high as trade talks continue to dominate the agenda \| Saxo](https://feedsoft.ai/events/11848-wcu-commodities-ride-high-as-trade-talks-continue-to-dominate-the-agenda-saxo.md) | -1.3% | +2.0% |

## Sources

- kalkinemedia.com: https://kalkinemedia.com/au/blog/commodity-kindles-as-trade-ease-surfaces-is-the-rally-sustainable-or-is-it-on-a-weak-footing

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.