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Commentary says the market has grown weary of China trade headlines and that the November soybean contract has fallen from about 9.45 to 9.18 since the October 25 options expiration. It says the latest news points to a 'Phase One' deal worth about $20 billion in agricultural purchases, short of the $50 billion the president had cited.
A smaller-than-expected deal reduces the expected volume of Chinese purchases of corn, meat, soybeans and soymeal, which weighs on soybean prices.
farmanddairy.comMarlin ClarkOct 30, 2019Not enough comparable past events yet for a historical read.
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.
