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China cut the one-year loan prime rate by 5 basis points to 4.2% on September 20, following weak August activity data. Analysts expect another cut in October unless trade talks produce a major breakthrough.
Easier credit supports Chinese production and investment, a mild positive for feed demand, while the yuan impact is expected to be small.
think.ing.comIris PangSep 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.
