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A White House official said tariffs and supply chain issues would not be on the agenda for the upcoming virtual Biden-Xi meeting. China buys U.S. corn, soybeans, sorghum and pork only when it grants ad hoc tariff exemptions.
U.S. tariffs on Chinese goods remain in place.
Without a tariff resolution, China's purchases of U.S. feed grains stay uncertain and exemption-dependent. This keeps a risk premium on U.S. export demand but signals no immediate price change.
agri-pulse.comBill TomsonNov 15, 2021After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 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.
