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China says it looks forward to talks with the US commerce chief as bilateral trade flows slow. Two-way trade reached a record $690 billion last year, with China's demand for US farm products and energy part of that total.
Analysts attribute much of the value to inflation.
Slowing bilateral trade and possible tariff talks create uncertainty for US farm export demand, though no specific policy change is announced here.
reuters.comJoe CashAug 24, 2023After 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.
After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.
After 977 past trade events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.8%), and +0.1% 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.
