# Expect volatility in soybean market from tariff trade distortion | Farmtario

> Above-average yields are expected for the U.S. and Ontario corn and soybean crops. China is buying soybeans, meal, and vegetable oil from countries not hit by its tariffs, which is distorting trade flows and adding volatility to the soybean complex. Lower prices are also boosting export demand for North American wheat.

- Date: 2024-07-19 · published 2024-07-19T12:00:00.000Z
- Category: trade · region North America · magnitude medium
- Page: https://feedsoft.ai/events/14738-expect-volatility-in-soybean-market-from-tariff-trade-distortion-farmtario
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A large U.S. crop combined with diverted Chinese demand weighs on soybean and corn values, while lower prices support wheat export competitiveness.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-10-22 | [Damaged soybean crop hits farmers reeling from U.S.-China trade war \| Farmtario](https://feedsoft.ai/events/62590-damaged-soybean-crop-hits-farmers-reeling-from-u-s-china-trade-war-farmtario.md) | -1.4% | +4.1% |
| SOY | 2024-11-26 | [Corn, Soybeans Ease as Market Digests Trump Tariff Threats](https://feedsoft.ai/events/6059-corn-soybeans-ease-as-market-digests-trump-tariff-threats.md) | +0.6% | -1.1% |
| SOY | 2018-04-04 | [CPO to gain from China’s soybean import tariff \| The Star](https://feedsoft.ai/events/65604-cpo-to-gain-from-china-s-soybean-import-tariff-the-star.md) | +1.2% | +0.4% |
| SOY | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | +1.4% | +0.1% |
| SOY | 2018-10-18 | [Trade off: China soybean imports set for biggest drop in 12 years amid tariff conflict](https://feedsoft.ai/events/62396-trade-off-china-soybean-imports-set-for-biggest-drop-in-12-years-amid-tariff.md) | -4.0% | -1.7% |
| CORN | 2024-11-26 | [Corn, Soybeans Ease as Market Digests Trump Tariff Threats](https://feedsoft.ai/events/6059-corn-soybeans-ease-as-market-digests-trump-tariff-threats.md) | -0.6% | +4.7% |
| CORN | 2018-04-04 | [CPO to gain from China’s soybean import tariff \| The Star](https://feedsoft.ai/events/65604-cpo-to-gain-from-china-s-soybean-import-tariff-the-star.md) | +0.2% | +1.9% |
| CORN | 2018-10-03 | [Is the corn market about to feel a soybean trade war hangover?](https://feedsoft.ai/events/62575-is-the-corn-market-about-to-feel-a-soybean-trade-war-hangover.md) | -1.7% | -1.3% |

## Sources

- farmtario.com: https://farmtario.com/markets-business/expect-volatility-in-soybean-market-from-tariff-trade-distortion/

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