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A Farm and Dairy column argues that China remains the largest U.S. export market despite the trade conflict that began under the Trump administration. It notes China retaliated against soybeans, pork and beef, and that the Biden administration has kept many of the Trump-era trade policies in place.
Ongoing dependence on Chinese demand keeps U.S. soybean and pork export prospects sensitive to trade policy. The column offers commentary without a new trade action.
farmanddairy.comAlan GuebertSep 2, 2021After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.
After 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.
After 1,079 past trade events, Wheat (SRW) moved a median -0.0% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.2% 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.
