# Market looks past midterms to USDA estimates - Agweek | #1 source for agriculture news, farming, markets

> 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.

- Date: 2018-11-11 · published 2018-11-11T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/61988-market-looks-past-midterms-to-usda-estimates-agweek-1-source-for-agriculture
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-05-19 | [Soybean market changing for North Dakota farmers, but China and tariffs still loom large - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/24729-soybean-market-changing-for-north-dakota-farmers-but-china-and-tariffs-still.md) | +1.0% | +1.9% |
| SOY | 2017-04-06 | [US Agriculture Bets the Farm on Chinese Soy Demand](https://feedsoft.ai/events/71362-us-agriculture-bets-the-farm-on-chinese-soy-demand.md) | +0.4% | +2.2% |
| SOY | 2018-06-25 | [Northwest Missouri farmer says crops look good, for now - Brownfield Ag News](https://feedsoft.ai/events/64387-northwest-missouri-farmer-says-crops-look-good-for-now-brownfield-ag-news.md) | -4.0% | -5.2% |
| SOY | 2019-10-26 | [Harvest weather & trade war guide grains — this week in the grain markets - RealAgriculture](https://feedsoft.ai/events/56542-harvest-weather-and-trade-war-guide-grains-this-week-in-the-grain-markets.md) | +0.4% | -2.5% |
| SOY | 2024-03-25 | [Trump victory ushers in ag trade uncertainty \| Latest Market News](https://feedsoft.ai/events/14769-trump-victory-ushers-in-ag-trade-uncertainty-latest-market-news.md) | -0.6% | -2.6% |
| CORN | 2017-09-07 | [Mexico presses to open Canadian, U.S. agricultural export markets](https://feedsoft.ai/events/68924-mexico-presses-to-open-canadian-u-s-agricultural-export-markets.md) | -1.8% | +3.2% |
| CORN | 2018-10-01 | [Pay attention to the raw materials market forecasts for October \| rumiNews](https://feedsoft.ai/events/62649-pay-attention-to-the-raw-materials-market-forecasts-for-october-ruminews.md) | +1.2% | +0.7% |
| CORN | 2017-04-19 | [Agricultural Trade and Trump - Farm Policy News](https://feedsoft.ai/events/71367-agricultural-trade-and-trump-farm-policy-news.md) | +1.2% | +2.3% |

## Sources

- agweek.com: https://www.agweek.com/opinion/market-looks-past-midterms-to-usda-estimates

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.