◂ Event Timeline

Dec 9, 2024TRADEUS

Tariffs, competition cloud future of China ag exports

U.S. agricultural exports to China were $33.7 billion in 2023 and are projected by USDA to fall to $23.3 billion in FY25. Mexico and Canada have overtaken China as the largest markets for U.S. farm products.

WHY IT MATTERS

Structural decline in Chinese demand for U.S. farm goods, with growing competition, reduces long-term export support for U.S. soybeans and grains.

AFFECTSSoybeans▼

SOURCE
agri-pulse.comDes Keller, Oliver WardDec 9, 2024

Price reaction & history

Soybeans▼bearishSO FAR1d -0.4%5d -0.6%20d -0.2%

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.

Aug 6, 2019China revokes tariff exemption on soybeans | 2019-08-06 | Agri-Pulse | Agri-Pulse Communications, Inc.+1.3%
Dec 13, 2023House panel calls for targeting China with tariffs, protecting ag from retaliation | Agri-Pulse Communications, Inc.-0.8%
May 7, 2018Brazil, other competitors close gaps on U.S. export markets | 2018-05-07 | Agri-Pulse | Agri-Pulse Communications, Inc.-3.2%
Apr 9, 2025As new tariffs kick in, what do they mean for U.S. ag? | Agri-Pulse Communications, Inc.+4.4%
May 30, 2024Daybreak: Trade deficit grows as China sales weaken | Agri-Pulse Communications, Inc.-3.0%

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.

Soybeans SOY · GP ▸

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