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Farm and business groups are pressing the Trump administration for quicker tariff relief while trade talks with China over intellectual property and the USMCA deal awaiting congressional approval continue. The article notes these negotiations could take months to complete.
Continued delay in trade resolution keeps export demand for US soybeans, corn and sorghum uncertain, a mildly bearish factor for US feed-grain prices.
apnews.comKevin FrekingMar 7, 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.
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.
