
China is considering a US request to shift retaliatory tariffs from farm goods to non-agricultural imports, so a trade deal could be presented as a win for farmers. The plan would also help China meet a proposed additional $30 billion a year in US farm purchases.
If China shifts tariffs off farm goods, US soybean, corn, wheat and meat exports to China could become more competitive and boost demand.
After 356 past bullish policy events, SOY moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 318 past bullish policy events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 182 past bullish policy events, WHEAT moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% 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.