China's Commerce Ministry is calling on the United States to move forward with a $60 billion tariff reduction agreement, with each side providing $30 billion in tariff relief. Beijing says it is willing to buy more American farm products only if both countries follow through on the deal.
This is the same Chinese push for implementation of the conditional tariff deal, which supports the outlook for US farm export demand if it is executed. Purchases stay uncertain until then.
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.
Not enough comparable past events yet for a historical read.
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.
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.