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The US and China agreed to a tariff truce that delays new duties, easing fears of a prolonged trade conflict. The administration said the deal would include agriculture and energy purchases.
Agricultural purchase commitments from China would likely lift US farm commodity prices, and reduced trade tension may ease the supply-chain shifts that have weighed on export demand.
wsj.comJames T. Areddy, Jesse Newman, Kwanwoo JunDec 2, 2018After 696 past bullish trade events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.
