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China's Ministry of Commerce said bilateral trade with the US rose 40% year on year in the first seven months of 2021, and it urged efforts to implement the Phase One deal. Agricultural trade is described as the main component of that implementation, and a US soybean export conference was held that week.
Continued Chinese commitment to Phase One purchases supports ongoing demand for US soybeans, corn and other feed ingredients.
globaltimes.cnGlobal TimesAug 26, 2021After 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 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
