◂ Event Timeline

Jun 16, 2020POLICYUS

Farm groups urge preservation of China trade deal

More than 190 farm groups and agribusiness firms sent a 13-page letter to President Trump urging him to preserve the phase one China trade agreement. The letter says current US farm exports to China lag the pace needed to meet phase one goals.

It also warns of oversupply in world grain and oilseed markets.

WHY IT MATTERS

Industry pressure to keep the deal supports the case for continued Chinese purchases, but the letter underscores weak export pace and global oversupply, which are bearish for US grain and oilseed prices.

AFFECTSSOY◆CORN◆WHEAT◆

SOURCE
agri-pulse.comPhilip Brasher, Bill TomsonJun 16, 2020

Price reaction & history

SOY◆neutralSO FAR1d -0.2%5d +0.8%20d +1.5%

After 553 past neutral policy events, SOY moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.

Mar 15, 2017Ag groups urge boost in farm bill spending | 2017-03-15 | Agri-Pulse | Agri-Pulse Communications, Inc.+1.4%
Jan 28, 2019Farm subsidies to leap on $9.8 billion in trade aid | 2019-01-28 | Agri-Pulse | Agri-Pulse Communications, Inc.-0.8%
Jun 26, 2020Daybreak: June 26: Key lawmaker calls for new farm bill | 2020-06-26 | Agri-Pulse Communications, Inc.+2.7%
Jun 18, 2025How the House, Senate Ag differ on key farm provisions | Agri-Pulse Communications, Inc.-4.5%
Mar 31, 2025Rollins: We need to know trade impacts before deciding farm aid | Agri-Pulse Communications, Inc.-4.5%

CORN◆neutralSO FAR1d -0.0%5d -0.0%20d +0.5%

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.

Mar 15, 2017Ag groups urge boost in farm bill spending | 2017-03-15 | Agri-Pulse | Agri-Pulse Communications, Inc.+1.0%
Jun 26, 2020Daybreak: June 26: Key lawmaker calls for new farm bill | 2020-06-26 | Agri-Pulse Communications, Inc.+4.6%
Jun 18, 2025How the House, Senate Ag differ on key farm provisions | Agri-Pulse Communications, Inc.-3.0%
Mar 16, 2022High crop prices, SNAP costs may challenge farm bill writers | 2022-03-15 | Agri-Pulse Communications, Inc.+0.1%
Mar 31, 2025Rollins: We need to know trade impacts before deciding farm aid | Agri-Pulse Communications, Inc.+0.4%

WHEAT◆neutralSO FAR1d -0.3%5d +1.5%20d -4.7%

After 137 past neutral policy events, WHEAT moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% over 20.

Mar 15, 2017Ag groups urge boost in farm bill spending | 2017-03-15 | Agri-Pulse | Agri-Pulse Communications, Inc.-1.7%
Nov 2, 2016Wheat industry plans for farm bill, examines USTR China complaint | Agri-Pulse Communications, Inc.+0.5%
Mar 26, 2017Washington Week Ahead: House Ag explores farm program changes | 2017-03-26 | Agri-Pulse | Agri-Pulse Communications, Inc.+2.4%
Apr 27, 2023Commodity groups to House Ag: Expand ag safety net in 2023 farm bill | National | farmweeknow.com+1.1%
Jul 19, 2017Preventive trade policies restrict export of key agri commodities: stu-2.9%

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.

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