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Corn and soybean futures showed little reaction to positive trade news this week, including a US-Japan agreement and reports that China bought 10 cargoes of US soybeans. A University of Minnesota economist says China has repeatedly made sporadic purchases over the past 14 to 15 months to reignite talks.
Sporadic Chinese buying has not sustained price gains, so traders are likely to discount trade headlines unless purchases become consistent.
brownfieldagnews.comMark DorenkampSep 26, 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.
