
Grain markets opened lower on August 5, 2019 after reports that China told its grain buyers to stop purchasing US grain, which were later partly walked back. China also allowed the yuan to weaken past seven per US dollar.
Analysts expect choppy trade ahead of the August WASDE.
Reported Chinese purchase halts threaten US export demand for corn and soybeans, while a weaker yuan makes US exports more expensive for Chinese buyers. Signs of a trade-war currency response add risk, though the walk-back limits the damage.
在过去 683 次看跌的贸易事件之后,玉米 在 5 个交易日内中位数变动 -0.2%(47% 上涨;中间一半区间为 -1.7% 至 +1.6%),20 个交易日内为 +0.3%。
在过去 803 次看跌的贸易事件之后,大豆 在 5 个交易日内中位数变动 +0.0%(51% 上涨;中间一半区间为 -1.7% 至 +1.7%),20 个交易日内为 +0.9%。
在过去 40 次看涨的贸易事件之后,人民币(每 USD 的 CNY) 在 5 个交易日内中位数变动 +0.6%(75% 上涨;中间一半区间为 +0.0% 至 +1.4%),20 个交易日内为 +1.1%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。
On Aug 5 China reportedly told buyers to halt US grain purchases and let the yuan weaken past 7 per dollar, a direct demand and currency shock that opened corn sharply lower on the day of the move.