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Chinese and U.S. companies signed business deals worth $9 billion during Trump's visit. These included a $1.2 billion pledge by JD.com to buy U.S. beef and pork and a memorandum of understanding for soybean purchases worth up to $3.4 billion.
Potential soybean purchases and U.S. meat exports to China add to demand expectations, which supports soybean and livestock prices.
apnews.comJoe Mcdonald, Gillian WongNov 10, 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.
After 85 past bullish trade events, Lean Hogs moved a median +0.8% over 5 sessions (54% higher; middle half -1.8% to +4.5%), and +4.0% 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.
