◂ Event Timeline

May 27, 2021TRADEUS

USTR meets with China’s top trade official

U.S. Trade Representative Katherine Tai held an introductory virtual meeting with China's Vice Premier Liu He, raising issues of concern. The USDA also raised its 2021 fiscal-year export forecast to a record $164 billion, largely on China shipments.

WHY IT MATTERS

Continued trade dialogue supports expectations of ongoing Chinese purchases under Phase One, but no concrete new purchase or tariff change was announced.

AFFECTSSoybeans Corn Soybean Meal

SOURCE
agri-pulse.comBill TomsonMay 27, 2021

Price reaction & history

Soybeansno directional readSO FAR1d +2.2%5d +3.0%20d -8.8%

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.

Jan 15, 2020China deal to open flood gates for US ag trade | 2020-01-15 | Agri-Pulse Communications, Inc.-1.6%
Feb 25, 2020US: China lifts some trade barriers in phase one | 2020-02-25 | Agri-Pulse Communications, Inc.+1.9%
Jul 19, 2023US recovers share of China’s ag imports after trade war | Agri-Pulse Communications, Inc.+1.6%
Aug 11, 2021US Farm groups up the pressure for healthier trade with China | 2021-08-10 | Agri-Pulse Communications, Inc.-5.4%
Jul 26, 2023Impacts of China trade war still scar some US specialty crops | Agri-Pulse Communications, Inc.-4.5%

Cornno directional readSO FAR1d +5.5%5d +6.1%20d +6.2%

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.

Jan 15, 2020China deal to open flood gates for US ag trade | 2020-01-15 | Agri-Pulse Communications, Inc.+0.3%
Feb 25, 2020US: China lifts some trade barriers in phase one | 2020-02-25 | Agri-Pulse Communications, Inc.+0.4%
Jul 19, 2023US recovers share of China’s ag imports after trade war | Agri-Pulse Communications, Inc.+13.6%
Aug 11, 2021US Farm groups up the pressure for healthier trade with China | 2021-08-10 | Agri-Pulse Communications, Inc.+1.1%
Jul 26, 2023Impacts of China trade war still scar some US specialty crops | Agri-Pulse Communications, Inc.-13.9%

Soybean Mealno directional readSO FAR1d +1.3%5d +1.1%20d -7.8%

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.

Jul 19, 2023US recovers share of China’s ag imports after trade war | Agri-Pulse Communications, Inc.+2.2%
Jul 26, 2023Impacts of China trade war still scar some US specialty crops | Agri-Pulse Communications, Inc.+0.4%
Jun 30, 2021China signals another strong year of importing US soy | 2021-06-29 | Agri-Pulse Communications, Inc.+1.8%
Aug 10, 2020China soy-buying binge from US continues | 2020-08-10 | Agri-Pulse Communications, Inc.+3.5%
Jul 22, 2020China ramps up US soy purchases on good prices | 2020-07-22 | Agri-Pulse Communications, Inc.+1.2%

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.

Soybeans SOY · GP ▸

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Corn CORN · GP ▸

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