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At a House Agriculture subcommittee hearing, farm groups called for new free trade agreements to expand US agricultural exports. Witnesses cited dairy and soybean groups' concern that competitors gained market access through CPTPP, RCEP and EU deals.
Lost market access to Asian buyers could weigh on long-run US soybean and dairy export demand, though no immediate policy change was announced.
agri-pulse.comBill TomsonNov 17, 2021After 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 18 past neutral trade events, Milk (Class III) moved a median -0.4% over 5 sessions (39% higher; middle half -2.9% to +1.1%), and -3.0% 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.
