Loading…
U.S. Trade Representative Robert Lighthizer met with Japanese officials and more than a dozen other countries on the sidelines of an APEC trade ministers meeting in Hanoi, signaling U.S. willingness to pursue bilateral trade deals. USDA raised its fiscal-year agricultural export forecast to about $137 billion, with China buying large volumes of U.S. soybeans and cotton.
A dairy analyst attributed recent milk price spikes to lower-than-projected production in Europe and Oceania.
Stronger Chinese soybean purchases and higher export forecasts support oilseed demand and prices, while lower EU and Oceania milk output tightens world dairy supply and lifts U.S. Class III prices.
aginfo.netJun 2, 2017After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 41 past bullish trade events, Milk (Class III) moved a median -0.1% over 5 sessions (49% higher; middle half -1.3% to +8.1%), and +1.1% 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.
