China ends levies on US farm goods, halts export curbs on firms

After 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.

• Jun 19, 2020Yuan firms on report China will speed up US farm purchases - Markets - Business Recorder-0.4%
• May 14, 2020China likely to speed up buying of U.S. farm goods: COFCO exec+1.3%
• Aug 18, 2024China says has begun purchase of more US farm goods  | Pulse Kenya+1.4%
• May 26, 2017China offers to import more from US in return for easing of export curbs-1.9%
• Mar 2, 2022EXCLUSIVE China buys U.S. soybeans on good profits, despite peak Brazil export season-0.1%

After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.

• Jun 19, 2020Yuan firms on report China will speed up US farm purchases - Markets - Business Recorder-2.4%
• May 14, 2020China likely to speed up buying of U.S. farm goods: COFCO exec-0.0%
• Dec 11, 2024Export demand surging for US corn, soybean oil | Baking Business+0.5%
• Oct 27, 2017US export report: China buys soybeans / Spain buys-0.2%
• Oct 24, 2023China Engages in First US Farm-Good Signing Ceremony Since Trump Trade Dispute - Bloomberg-4.3%

Not enough comparable past events yet for a historical read.