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South Korean shares and the won rose on Tuesday as signs of progress toward an interim US-China trade deal lifted risk appetite. China's commerce ministry confirmed a phone call between Vice Premier Liu He, USTR Lighthizer and Treasury Secretary Mnuchin on a phase one agreement, and China announced tougher penalties for intellectual property violations.
Progress in US-China trade talks supports expectations of resumed agricultural purchases and firmer trade flows, which is supportive for US soybean and grain demand; the won strength lowers Korean import costs.
stockopedia.comNov 26, 2019After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.
