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U.S. soybean grower leaders and state board representatives visited China from September 16 to 23 to mark 35 years of U.S. soy trade with the country. In Beijing, they met the Ministry of Agriculture, which asked the U.S. Soybean Export Council to do more public education on biotechnology.
The visit is a relationship event and does not change current supply or demand. It matters only as a sign of ongoing demand ties, and any biotech concerns could affect future acceptance of U.S. soy.
ussec.orgSep 26, 2017After 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.
After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.
After 977 past trade events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.8%), and +0.1% 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.
