
A majority of US farm groups say trade is a bigger issue for them than passage of the new farm bill. USTR's chief agricultural negotiator defended the tariff schedule against China, and recent US talks in China produced little progress on delaying tariffs.
Unresolved China tariffs threaten soybean and sorghum export demand, which keeps the trade dispute a key price risk for feed markets.
After 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.
Not enough comparable past events yet for a historical read.
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.