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USTR Katherine Tai defended the administration's handling of China's failure to meet its 2020 Phase One agricultural purchase commitments. She said the Biden administration has kept Trump-era tariffs in place to maintain pressure on Beijing.
China's shortfall on US farm purchases keeps export demand for US soybeans and other farm goods uncertain, though no new trade action was announced.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% 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.