Loading…
U.S. negotiators are pressing agricultural trade issues ahead of the Trump-Xi meeting at the G20 in Buenos Aires. Trump said he could reach a deal but also threatened tariffs on another $267 billion of Chinese goods and a rate increase from 10% to 25% on $200 billion.
The outcome will determine whether China resumes U.S. soybean and grain purchases or faces escalated tariffs, so prices hinge on the talks.
agri-pulse.comBill TomsonNov 28, 2018After 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.
