Loading…
Reuters reported on November 7 that China would commit to buy more U.S. soybeans during Trump's Beijing visit, with a letter of intent expected to be signed with the U.S. Soybean Export Council. China was also expected to pledge more purchases of U.S. beef, barley and dairy products.
Expected Chinese pledges on soybeans and other U.S. farm goods point to stronger export demand, although the volumes had not been disclosed at the time.
producer.comNov 7, 2017After 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.
