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In a Reuters interview, President Trump said China was buying a tremendous amount of U.S. soybeans and was just starting now. His comments came as the trade truce took hold.
Trump's claims of Chinese buying signal possible export demand recovery, but without confirmed volumes the market impact is limited.
reuters.comDec 12, 2018After 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.
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.
