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An Iowa agriculture delegation including Governor Kim Reynolds met officials in China and reported that China wants to increase imports of US farm products. Chinese leaders see agricultural imports as a way to ease the bilateral trade deficit.
The officials cited Iowa's production strength and ties between Ambassador Branstad and President Xi.
Stated Chinese willingness to buy more US farm goods supports the export outlook for soybeans, corn and meats. Without firm contracts, the effect on prices is limited.
iowafarmbureau.comDirck SteimelJul 31, 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.
