# U.S. Trade Rep Meets with Japan and Dairy Spikes due to Foreign Markets - AG INFORMATION NETWORK OF THE WEST

> 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.

- Date: 2017-06-02 · published 2017-06-02T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/4349-u-s-trade-rep-meets-with-japan-and-dairy-spikes-due-to-foreign-markets-ag
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- SOY: bullish ▲
- MILK: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-04-08 | [China Buys More U.S. Soybeans and Another Roundup Verdict - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/59448-china-buys-more-u-s-soybeans-and-another-roundup-verdict-ag-information-network.md) | -0.4% | -9.1% |
| SOY | 2022-06-15 | [Lifting Tariffs on China - AG INFORMATION NETWORK OF THE WEST](https://feedsoft.ai/events/14925-lifting-tariffs-on-china-ag-information-network-of-the-west.md) | -2.7% | -5.2% |
| SOY | 2026-05-23 | [A Week of Wild Rides: Ag Markets Deliver Volatility From the Grains to Cattle Ahead of Memorial Day \| American Ag Network](https://feedsoft.ai/events/5386-a-week-of-wild-rides-ag-markets-deliver-volatility-from-the-grains-to-cattle.md) | -1.3% | -6.6% |
| SOY | 2020-08-13 | [Soybean Demand Offers Hope for the Market \| Red River Farm Network](https://feedsoft.ai/events/11345-soybean-demand-offers-hope-for-the-market-red-river-farm-network.md) | +2.5% | +10.6% |
| SOY | 2017-07-11 | [China to buy U.S. soybeans to meet market demand \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/69821-china-to-buy-u-s-soybeans-to-meet-market-demand-iowa-agribusiness-radio-network.md) | -3.5% | -5.9% |
| MILK | 2021-07-23 | [Weekly dairy digest: USDA releases its annual dairy market and trade report
						 \| The Cattle Site](https://feedsoft.ai/events/46067-weekly-dairy-digest-usda-releases-its-annual-dairy-market-and-trade-report-the.md) | -0.5% | -3.3% |
| MILK | 2020-05-21 | [Analysis: Dairy markets continue to trend higher despite strong production - Agriland.ie](https://feedsoft.ai/events/53136-analysis-dairy-markets-continue-to-trend-higher-despite-strong-production.md) | -0.8% | +70.2% |
| MILK | 2018-11-27 | [Dairy outlook mixed; recovery may hinge on trade deal with China -  \| Ag Proud](https://feedsoft.ai/events/62052-dairy-outlook-mixed-recovery-may-hinge-on-trade-deal-with-china-ag-proud.md) | -0.1% | -4.4% |

## Sources

- aginfo.net: https://www.aginfo.net/report/37241/The-Agribusiness-Update/U-S-Trade-Rep-Meets-with-Japan-and-Dairy-Spikes-due-to-Foreign-Markets

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.