# Trump trade war to hurt farmers as China turns to Brazil

> Analysts expect a renewed Trump trade war with China to cut U.S. farm exports, as China has diversified supplies toward Brazil, Argentina and Australia. U.S. corn and soybean prices were already at their lowest since 2020 earlier in the year.

- Date: 2024-12-12 · published 2024-12-12T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/14698-trump-trade-war-to-hurt-farmers-as-china-turns-to-brazil
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lost Chinese demand for U.S. soybeans and corn pressures domestic prices, while Brazilian supply gains reinforce competitive pressure on U.S. export share.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +0.6% | +1.1% |
| SOY | 2018-09-26 | [Graphic: Crop chop - China shuns U.S. soybeans amid trade war, turns to Brazil](https://feedsoft.ai/events/63061-graphic-crop-chop-china-shuns-u-s-soybeans-amid-trade-war-turns-to-brazil.md) | +2.4% | +1.4% |
| SOY | 2018-11-12 | [U.S. soybean farmers hang on for dear life in Trump's China trade war](https://feedsoft.ai/events/62097-u-s-soybean-farmers-hang-on-for-dear-life-in-trump-s-china-trade-war.md) | +1.9% | +4.5% |
| SOY | 2018-11-02 | [As China soy demand wavers, U.S. farmers turn back to grains](https://feedsoft.ai/events/62089-as-china-soy-demand-wavers-u-s-farmers-turn-back-to-grains.md) | -0.2% | +3.0% |
| SOY | 2018-10-29 | [Soybean, pork farmers hurt most by trade war](https://feedsoft.ai/events/62549-soybean-pork-farmers-hurt-most-by-trade-war.md) | +3.6% | +2.0% |
| CORN | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +2.4% | +3.2% |
| CORN | 2018-11-02 | [As China soy demand wavers, U.S. farmers turn back to grains](https://feedsoft.ai/events/62089-as-china-soy-demand-wavers-u-s-farmers-turn-back-to-grains.md) | +3.2% | -4.0% |
| CORN | 2017-01-26 | [America's farmers stand to lose the most in a China trade war](https://feedsoft.ai/events/72863-america-s-farmers-stand-to-lose-the-most-in-a-china-trade-war.md) | +1.9% | +1.7% |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-policy/trump-trade-war-to-hurt-farmers-as-china-turns-to-brazil

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