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US Trade Representative Katherine Tai told state agriculture officials that her office is pressing China to meet its Phase One farm purchase commitments and is working with Mexico and Canada on USMCA issues. The US is also reviewing its broader trade relationship with China.
Reassurance on Chinese purchase commitments supports demand expectations, but no new tariff or purchase change was announced, so the price effect is modest.
capitalpress.comSIERRA DAWN McCLAINCapital PressSep 21, 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 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.
