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China cut its one-year loan prime rate for the second month running on September 20, to 4.2%. The move aims to lower borrowing costs as the economy slows amid the trade war.
Lower lending costs support Chinese livestock and industrial investment over time, a modest positive for feed demand, though the effect on grain prices is limited.
reuters.comSep 20, 2019After 78 past neutral macro events, Corn moved a median +0.3% over 5 sessions (55% higher; middle half -1.1% to +1.6%), and -0.6% 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.
