# Todd's Take

> 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.

- Date: 2018-08-03 · published 2018-08-03T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/9690-todd-s-take
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Signs of progress in US-China trade talks support soybean demand expectations and prices, though the rally may fade without a confirmed agreement.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-02-18 | [China takes steps to make good on trade deal](https://feedsoft.ai/events/54482-china-takes-steps-to-make-good-on-trade-deal.md) | -2.2% | -8.1% |
| SOY | 2017-05-17 | [U.S. aims to expand soybean sales](https://feedsoft.ai/events/70883-u-s-aims-to-expand-soybean-sales.md) | -2.9% | -4.6% |
| SOY | 2019-03-04 | [U.S. and China Near a Trade Deal to Drop Tariffs](https://feedsoft.ai/events/59969-u-s-and-china-near-a-trade-deal-to-drop-tariffs.md) | -1.7% | -1.7% |
| SOY | 2020-11-24 | [Why Grain Prices are Surging and What It Will Take For The Rally to Last - ProAg](https://feedsoft.ai/events/4399-why-grain-prices-are-surging-and-what-it-will-take-for-the-rally-to-last-proag.md) | -2.5% | +4.7% |
| SOY | 2019-09-13 | [China to Exempt U.S. Soybeans, Pork From Punitive Tariffs](https://feedsoft.ai/events/56925-china-to-exempt-u-s-soybeans-pork-from-punitive-tariffs.md) | +1.1% | +4.6% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2018/08/03/volatile-time-year

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.