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AP reports the U.S.-China trade deal achieved only limited gains and left many issues unresolved. U.S. agricultural exports to China have never topped $26 billion a year.
Beijing committed to ending pressure on companies to hand over technology.
Limited scope for agricultural gains caps the upside to U.S. export demand, so the price effect of the deal is modest.
apnews.comPaul Wiseman, Kevin FrekingDec 13, 2019After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
