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Soybean futures reversed lower after reports that a meeting between President Trump and President Xi to settle the trade dispute may not occur until April. Prices had been rallying overnight.
Stock index futures also fell after a strong prior session.
A delayed US-China trade meeting pushes back the prospect of renewed Chinese soybean purchases, which weighs on US soybean prices and export expectations.
farmprogress.comBryce KnorrMar 14, 2019After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), 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.
