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President Trump tweeted about good talks with China's president and suggested the trade war could end soon, giving prices some support before the U.S. midterm elections, though advisor Larry Kudlow said resolution was not close. Markets then focused more on the USDA supply and demand estimates than on the election results.
Trade war headlines swing soybean and grain sentiment, but without a concrete deal the lasting price impact is limited while exports to China remain depressed.
agweek.comAlex Norton, Beeson Inc.Nov 11, 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.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% 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.
