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U.S. negotiators are seeking an increase of about $25 billion in Chinese imports of U.S. farm goods, roughly doubling the current $20 billion annual level. Agriculture Secretary Perdue said the shift would take two to five years and named rice, corn, poultry, soybeans and DDGS as candidates.
A sustained increase in Chinese demand for U.S. corn, soybeans and DDGS would tighten U.S. export supplies and support futures. The multi-year timeline limits near-term price impact.
agri-pulse.comBill TomsonMay 23, 2018After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 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.
