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A Reuters column argues the Biden administration should revisit the Phase 1 trade deal to address trade barriers affecting U.S. agriculture. The deal targeted China's 2020 U.S. farm imports to rise at least 50% above 2017 levels.
Uncertainty over whether the Phase 1 deal will be enforced or renegotiated affects expectations for future Chinese purchases of U.S. farm goods, but it does not itself move prices.
reuters.comKaren BraunJan 22, 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.
