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An opinion piece reviews the US-China trade war and notes Chinese purchases of US farm goods remain below the $36.5 billion Phase 1 commitment. Government farm subsidies reached an all-time high of $51.2 billion before the 2020 election.
The article describes the trade war's lasting damage to farm income.
Persistent shortfall against Phase 1 purchase commitments signals weaker-than-promised China demand for US soybeans and corn, a modest bearish factor.
breezejmu.orgJames Faris, Madison Business ReviewApr 29, 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.
