Australian Agriculture Sector Likely To Get Impacted From The U.S-China Trade Truce

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.

• Apr 4, 2018How China will target U.S. agriculture - POLITICO+0.7%
• Jan 30, 2019Headwinds ahead for Australian agriculture: Rabobank - Grain Central-0.7%
• Apr 4, 2018CPO to gain from China’s soybean import tariff | The Star+0.7%
• Jan 11, 2021Bumper wheat crop helps Australia look beyond China | Agriculture | Al Jazeera+1.4%
• Mar 22, 2019China halts new purchases of all Canadian canola, imposes strict inspections of other agriculture goods - The Logic+1.1%

Not enough comparable past events yet for a historical read.

After 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.

• Oct 31, 2022Agriculture trade with US going strong - Chinadaily.com.cn+4.6%
• Feb 14, 2017U.S. Agricultural Trade with China (02/14/2017)-2.7%
• Aug 4, 2017Trump delay on China trade action good news for agriculture-2.1%
• Jan 20, 2021China's 2020 U.S. soybean imports surged though likely missed trade target-1.1%
• May 21, 2018Trade truce with China could boost US beef, soybeans and other agriculture products+4.3%