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U.S. Trade Representative Robert Lighthizer told the Senate Finance Committee that talks with China had entered their final weeks but a deal could not be taken for granted. Sticking points include U.S. demands for strict enforcement provisions, including the right to impose new tariffs unilaterally.
Lighthizer said he could not predict success at this point.
Uncertainty over whether a deal will be reached keeps Chinese buying of U.S. soybeans and pork subdued. Prices remain sensitive to every headline on the negotiations.
farmpolicynews.illinois.eduKeith GoodMar 17, 2019After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
