Loading…
Presidents Biden and Xi held a virtual summit lasting over three hours covering Afghanistan, North Korea, Iran, human rights, climate and Taiwan. Trade was discussed but was not a dominant topic.
The meeting produced no major resolutions.
With no trade breakthrough, China's commitments to buy U.S. farm goods remain unchanged. Grain prices are unlikely to react significantly.
farmpolicynews.illinois.eduKeith GoodNov 17, 2021After 20 past neutral geopolitics events, SOY moved a median -0.6% over 5 sessions (45% higher; middle half -2.2% to +1.5%), and +0.9% over 20.
After 31 past neutral geopolitics events, CORN moved a median -0.3% over 5 sessions (42% higher; middle half -2.3% to +1.1%), 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.
