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China has offered to import tens of billions of dollars of U.S. goods, including LNG, crude oil, beef, soybeans and cotton, in exchange for easing export controls and trade remedy measures. China would also send students and tourists to the U.S. The offer is part of a broader bilateral trade bargain.
A binding Chinese purchase commitment for U.S. soybeans and beef would support export demand and U.S. prices, though the timing and enforceability remain uncertain.
livemint.comD Ravi KanthMay 26, 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 78 past bullish trade events, Live Cattle moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), and +0.5% 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.
