# Agri Marketing Update

> Grain and soybean futures rose during the week ahead of the G20 summit and the U.S.-China leaders' meeting. The two sides agreed to a 90-day ceasefire with no new tariffs while they negotiate further, but existing Chinese tariffs on U.S. soybeans and cotton remain in place. Corn and soybeans posted bullish weekly reversals, while wheat gained on hopes for U.S. export demand.

- Date: 2018-12-03 · published 2018-12-03T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/11129-agri-marketing-update
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The truce removes the threat of escalating tariffs and raises hopes of renewed Chinese buying of U.S. soybeans, which supports prices. Abundant U.S. supplies and favorable South American weather limit the upside for feed grains.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2018-12-03 | 5 | +7.9% | 3.3 | Corn posted a bullish weekly reversal ahead of and after the G20 ceasefire, indicating sentiment and technical buying behind the rally. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-07-13 | [Monday Morning Basis Update](https://feedsoft.ai/events/11497-monday-morning-basis-update.md) | -1.6% | -5.7% |
| CORN | 2018-08-24 | [Beef Market Update: A lot of mouths to feed - RealAgriculture](https://feedsoft.ai/events/63660-beef-market-update-a-lot-of-mouths-to-feed-realagriculture.md) | -0.9% | +0.4% |
| CORN | 2019-05-16 | [Grain Market Update 16th May - Irish Farmers' Association](https://feedsoft.ai/events/12127-grain-market-update-16th-may-irish-farmers-association.md) | +4.0% | +9.8% |
| CORN | 2021-04-29 | [Corn Market](https://feedsoft.ai/events/47628-corn-market.md) | +5.9% | -6.0% |
| CORN | 2018-10-02 | [Farming News - China: Grain and Feed Update](https://feedsoft.ai/events/62620-farming-news-china-grain-and-feed-update.md) | -1.1% | -0.7% |
| SOY | 2025-05-16 | [Monthly Grain Market Outlook \| Weekly Crop Update](https://feedsoft.ai/events/6681-monthly-grain-market-outlook-weekly-crop-update.md) | +1.5% | +1.8% |
| SOY | 2018-05-23 | [UPDATE 3-China Inc returns to U.S. soybean market as trade tensions ease](https://feedsoft.ai/events/64910-update-3-china-inc-returns-to-u-s-soybean-market-as-trade-tensions-ease.md) | -0.7% | -13.7% |
| SOY | 2018-10-12 | [AgriMarketing.com - Brazil's Supply Of Soybeans Is Running Low](https://feedsoft.ai/events/62630-agrimarketing-com-brazil-s-supply-of-soybeans-is-running-low.md) | +0.6% | +1.1% |

## Sources

- agrimarketing.com: https://www.agrimarketing.com/newsletter/index.php?archived=2018-12-03

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