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A CoBank economist said the incoming Biden administration will likely take a more multilateral approach to trade than Trump's bilateral tariffs, forming coalitions to counter China. She noted that the new administration must first handle COVID and the economy.
A shift toward coalition-based trade and possible easing of Trump-era tariffs could improve export access for US ag products over time, but no near-term tariff change has been announced.
farmprogress.comJacqui FatkaJan 21, 2021After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
