Loading…
Chad Bown of the Peterson Institute argues the phase one US-China trade deal largely failed, as China was never on pace to meet its $200 billion purchase pledge. He recommends keeping some elements, such as nontariff barrier commitments, while scrapping the purchase targets.
Analysis suggesting purchase commitments will not be fully met raises the risk that expected Chinese ag buying falls short, a modest bearish factor for U.S. farm commodity prices.
piie.comFeb 8, 2021After 554 past neutral policy events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.
After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
