Loading…
Brookings analysts argue the US-China phase one trade deal and the trade war before it have significantly hurt the American economy without resolving the underlying concerns. The piece notes the deal's commitment of an additional $200 billion in US goods purchases by the end of 2021.
The deal's purchase commitments underpin expected US exports of grains and oilseeds to China, so doubts about its durability are a risk to export demand. The article is an opinion analysis with no new trade action.
brookings.eduAbraham Denmark, Ryan HassSep 1, 2020After 1,982 past trade events, CORN moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.
After 1,802 past trade events, SOY moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.
After 1,079 past trade events, WHEAT moved a median -0.0% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.2% 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.
