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China is reacting to expected higher U.S. tariffs by diversifying trade toward BRICS partners, especially Brazil. Trump has threatened 60% tariffs on Chinese goods and 100% tariffs on BRICS members that move away from the dollar.
Chinese diversification toward Brazilian supply sustains South American export demand while reducing future U.S. soybean sales to China.
dtnpf.comUrban C. LehnerDec 12, 2024After 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.
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.
