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Trade talks at the G-20 produced a 90-day pause on new US and Chinese tariffs. China's statement did not specify which goods it would buy or the timeframe, and its 25% tariff on US soybeans remains in place.
Because Chinese duties on US soybeans stay in force, US beans remain uncompetitive against Brazilian supply, which limits upside in CBOT prices until those tariffs are lifted.
think.ing.comWarren PattersonDec 3, 2018After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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.
