Japan's Nikkei fell as renewed doubts over a US-China trade deal lifted the safe-haven yen. Chinese officials reportedly doubted a comprehensive long-term trade deal was possible.
Doubts about a comprehensive US-China trade deal reduce the likelihood of large Chinese farm purchases, a bearish signal for US soybeans and corn.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.