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The BBC explains the US-China trade war, noting Trump's plan to more than double tariffs on $200bn of Chinese goods on Friday. Beijing and Washington were starting two days of talks despite the escalation.
Tariff escalation and retaliation risk threaten US agricultural exports to China, a key driver of soybean and feed grain demand and prices.
bbc.comDaniele Palumbo, Ana Nicolaci da CostaMay 8, 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.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
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.
