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A preview of the week ahead says markets are waiting on Trump's remarks on the trade war and Powell's congressional testimony. Trump had said on Friday he had not agreed to China's requested tariff rollbacks, and WTI and Brent saw their largest intraday swings in a month.
Uncertainty over the US-China phase one deal affects agricultural export expectations and crude prices that feed into biofuel economics. The outcome of the trade talks remains unclear.
mtscapital.co.thProfessional web design, web development by www.tnt.co.thNov 12, 2019After 12 past neutral trade events, Crude Oil (WTI) moved a median -2.2% over 5 sessions (33% higher; middle half -3.6% to +0.9%), and +1.2% over 20.
After 12 past neutral trade events, Crude Oil (Brent) moved a median +2.3% over 5 sessions (75% higher; middle half +0.2% to +4.6%), and +4.7% over 20.
After 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.
