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Grain futures fell sharply after new tweets from President Trump cast doubt on US-China trade talks and raised threats of tariff hikes. China holds 275 million bushels of unshipped soybean purchases, and planting delays and a storm affecting Mississippi River barge traffic were also in focus.
Trade tension threatens China's soybean purchases and export demand, while barge disruptions raise logistics costs for grain movements.
farmprogress.comNational Hog Farmer StaffMay 10, 2019After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
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.
