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An Agribusiness Intelligence opinion piece says the phase one deal commits China to raise U.S. agricultural imports to $40 billion annually over two years, with Lighthizer saying China will aim for $50 billion. Chinese officials indicated purchases of corn, wheat, cotton, rice, pork and poultry, but the commodity list is undisclosed.
Expanded pledged buying of corn, wheat, rice and meats could lift U.S. grain and livestock prices, though enforcement uncertainty keeps volatility high.
caixinglobal.comAgribusiness IntelligenceDec 25, 2019After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 85 past bullish trade events, Lean Hogs moved a median +0.8% over 5 sessions (54% higher; middle half -1.8% to +4.5%), and +4.0% 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.
