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China bought $67 million worth of U.S. soybeans, about 204,000 tonnes, ahead of working-level trade talks. China also said it would exempt American pork and soybeans from additional tariffs taking effect this month, and the U.S. delayed new tariffs to October 15.
Confirmed Chinese purchases and tariff exclusions support U.S. soybean export demand and sentiment, though full tariffs still apply and a broader deal remains uncertain.
agriculture.comSep 16, 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.
After 28 past neutral trade events, Lean Hogs moved a median -0.4% over 5 sessions (46% higher; middle half -2.2% to +0.7%), and -0.3% 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.
