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Chinese Minister Xu Xueyuan spoke at a U.S.-China agricultural trade forum, noting that the relationship remains tense and that China wants its corn-fed beef to access its market. He said the forum was part of a U.S.-China policy series.
Political tension and market access talks shape the outlook for U.S. ag exports to China, but this remark has no immediate price effect.
us.china-embassy.gov.cnMay 6, 2021After 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 1,982 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 977 past trade events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.8%), and +0.1% 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.
