Tariff escalations trigger another decline in US farm exports to China

After 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.

• Nov 7, 2024Trump's tariff threat puts US farm exports to China at risk+1.0%
• May 23, 2025US farmers feel pain as soybean exports to China flatline despite tariff truce | South China Morning Post-2.4%
• Mar 4, 2025China slaps extra tariffs of up to 15% on imports of major US farm exports | AP News+0.2%
• Apr 1, 2025Trump's China tariffs trigger retaliation against U.S. farm products-3.1%
• Nov 14, 2024Trump’s tariffs seen delivering a repeat blow to US farm exports – Roll Call-1.4%

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.

• Nov 7, 2024Trump's tariff threat puts US farm exports to China at risk-0.1%
• Mar 4, 2025China slaps extra tariffs of up to 15% on imports of major US farm exports | AP News+3.2%
• Apr 1, 2025Trump's China tariffs trigger retaliation against U.S. farm products+1.0%
• Dec 4, 2023Secretary Vilsack addresses decline in corn exports to China | Feed & Grain+1.7%
• Nov 14, 2024Trump’s tariffs seen delivering a repeat blow to US farm exports – Roll Call+0.2%