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Agriculture Secretary Tom Vilsack said China appears to be meeting its phase one trade deal commitments, while noting that pandemic-related market conditions can change required purchase levels. He cautioned that the complex US-China relationship could still disrupt purchases.
Confidence that China will keep buying U.S. farm goods supports export demand expectations, though the stated risk of disruption adds uncertainty for prices.
cnbc.comThomas Franck, Kayla TauscheFeb 25, 2021After 318 past bullish policy events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 356 past bullish policy events, SOY moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.
