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Bloomberg reports that U.S. demand for China to spell out monthly, quarterly and annual targets for up to $50 billion in agricultural imports has become a sticking point in phase-one talks. China also insists tariffs be rolled back in phases, and China lifted its ban on American poultry.
Uncertainty over whether the purchase commitment will be enforced limits confidence in sustained U.S. farm export demand, while the poultry reopening adds a modest export outlet for U.S. chicken.
ajot.comBloombergNov 14, 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.
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.
