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Chicago wheat hit new 2018 highs before falling back after comments from Ukraine were misunderstood. November soybeans jumped 28 cents on reports that US Treasury Secretary Mnuchin was holding private talks with China's vice premier on resolving the trade dispute.
Signs of progress in US-China trade talks support soybean demand expectations and prices, though the rally may fade without a confirmed agreement.
dtnpf.comAug 3, 2018After 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.
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.
