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US agricultural exports to China are recovering, with containerized volumes up 96% over the last five months year on year, helped by the phase one trade deal. However, a strengthening dollar and possible economic collapse overseas from COVID-19 could reduce foreign demand for US exports.
Export recovery supports US farm demand, but a stronger dollar and weaker overseas economies threaten to cap future purchases and pressure prices.
prod.int.joc.comBill Mongelluzzo, Trans-Pacific }Mar 27, 2020After 39 past bearish trade events, US Dollar (Broad) moved a median -0.4% over 5 sessions (26% higher; middle half -1.1% to +0.0%), and -0.8% over 20.
Not enough comparable past events yet for a historical read.
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.
