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Reuters reports U.S. agriculture is wary of China's sales pledge, with Beijing not detailing how it will handle tariffs on soybeans and pork. Trump said some U.S. tariffs will remain while negotiations continue.
Remaining tariffs of up to 72% on pork and high duties on soybeans limit U.S. export competitiveness, keeping meat and soy demand uncertain.
reuters.comKarl PlumeDec 13, 2019After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% over 20.
After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), 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.
