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Renewed trade tensions between the US and China are described as heating up again, with the Biden administration pressing China to meet Phase One commitments. Treasury Secretary Janet Yellen voiced doubts about the tariffs in place on Chinese goods.
Uncertainty over the Phase One deal and tariff policy clouds the outlook for US farm exports to China, a modest bearish influence on US feed grain and soybean prices.
breakwaveadvisors.comOcean AnalyticsJul 20, 2021After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
