# Todd's Take

> Noncommercial traders held record long positions in corn even as prices fell about 47 cents in a month. Soybeans fell sharply after Trump said he was ready to impose another $200 billion in tariffs on China if Beijing proceeded with its July 6 tariffs, and both markets partly recovered by session end.

- Date: 2018-06-22 · published 2018-06-22T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/10575-todd-s-take
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Threatened tariffs on the largest buyer of US soybeans hit export expectations, while forced fund liquidation adds downside pressure to corn.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-11-01 | [Wheat takes export spotlight](https://feedsoft.ai/events/62090-wheat-takes-export-spotlight.md) | +3.4% | +5.8% |
| SOY | 2025-04-09 | [Oil falls to lowest since 2021 as Trump's tariffs take effect](https://feedsoft.ai/events/6322-oil-falls-to-lowest-since-2021-as-trump-s-tariffs-take-effect.md) | +4.4% | +3.8% |
| SOY | 2018-11-22 | [Trump's China trade war forces U.S. soybeans to take costly detour](https://feedsoft.ai/events/62091-trump-s-china-trade-war-forces-u-s-soybeans-to-take-costly-detour.md) | +0.5% | +0.2% |
| SOY | 2025-03-04 | [Investors say it's time to take Trump seriously as markets recoil](https://feedsoft.ai/events/9710-investors-say-it-s-time-to-take-trump-seriously-as-markets-recoil.md) | +0.2% | +1.7% |
| SOY | 2019-11-01 | [Soybean Prices Dip As Trump's Chinese Tariffs Take Effect](https://feedsoft.ai/events/56103-soybean-prices-dip-as-trump-s-chinese-tariffs-take-effect.md) | +0.9% | -4.4% |
| CORN | 2018-11-01 | [Wheat takes export spotlight](https://feedsoft.ai/events/62090-wheat-takes-export-spotlight.md) | +3.6% | -4.4% |
| CORN | 2025-03-04 | [Investors say it's time to take Trump seriously as markets recoil](https://feedsoft.ai/events/9710-investors-say-it-s-time-to-take-trump-seriously-as-markets-recoil.md) | +3.2% | +4.7% |
| CORN | 2019-12-05 | [Taking stock of Trump’s trade aid - POLITICO](https://feedsoft.ai/events/55566-taking-stock-of-trump-s-trade-aid-politico.md) | -4.3% | +1.2% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2018/06/22/riddle-new-crop-corn?referrer=twitter

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