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The U.S. and China released initial actions under their 100-day economic cooperation plan. Commitments include Chinese bond underwriting licenses for U.S. banks, electronic payment licensing for U.S. suppliers, and extended CFTC no-action relief for the Shanghai Clearing House.
The plan also addresses investment and Belt and Road participation.
The plan's agricultural and trade access commitments could expand U.S. farm exports to China over time, but the immediate price effect on feed commodities is limited.
commerce.govMay 1, 2017After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.
