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Commentary says the yuan could become the next flashpoint in US-China trade relations after the G20 truce. It notes conflicting US messages about whether Xi pledged to cut tariffs and whether Beijing or Washington conceded more on market access.
If the yuan weakens again, the truce could unravel and reignite tariff threats against US farm exports, which would weigh on soybean and feed demand.
asiatimes.comWilliam PesekDec 4, 2018After 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.
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.
