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Several major U.S. agriculture groups sent a letter to 2024 presidential candidates urging new free trade agreements and calling for China to be held accountable without retaliatory tariffs. The letter emphasizes maintaining access to China, the largest U.S. farm export market.
Reduced reliance on China and avoidance of retaliatory tariffs matter for U.S. soybean, corn and meat export demand, but the letter itself is a policy position with no immediate price effect.
feedandgrain.comFeed, Grain StaffSep 8, 2023After 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.
After 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.
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.
