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China said it had begun purchasing more US farm goods including soybeans, cotton, pork and sorghum, after trade talks in Shanghai. Companies applied for exemptions from Chinese tariffs on US farm goods, and both sides planned further consultations ahead of a September leaders meeting.
Resumed Chinese purchases of US soybeans and sorghum would support US export demand and prices, though Trump's comments suggest buying has been slower than promised.
pulse.co.keAug 18, 2024After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
