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China's agriculture ministry said U.S.-China trade talks have made positive progress, lifting global soybean prices, though mixed signals from both sides have left the market directionless. CBOT most-active soybeans averaged $341 a ton in October, up about 7% from September, and USDA reported October soybean export prices rose $22 to $345 a ton.
Prices are being held up by expectations of a phase-one purchase commitment, and the market could become volatile if the deal stalls, which affects buyers' forward cover decisions.
caixinglobal.comHuang Shulun, Denise JiaNov 20, 2019Not 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.
