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The American Soybean Association and NCGA released a trade study with WAEES assessing how renewed US tariffs on Chinese goods would affect soybeans and corn. The study argues tariffs push cropland conversion in South America and hurt U.S. growers, who bear most of the cost.
Prospect of renewed tariffs raises the risk of Chinese purchase cuts for U.S. soybeans and corn, a bearish export outlook that could widen the U.S. basis discount.
soygrowers.comOct 10, 2024After 803 past bearish trade events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
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.
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.
