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The American Soybean Association urged US policymakers to keep food out of the trade dispute with China, after Washington imposed steep tariffs on Chinese goods and Beijing vowed retaliation. US grain and soybean farmers said they are working to keep trade relations with Chinese buyers.
Rising tariff tensions threaten US farm exports to China, a key outlet for soybeans, sorghum and pork, which weighs on US soybean prices.
thepigsite.comMelanie EppJun 10, 2024After 53 past bearish geopolitics events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -1.9% to +1.2%), and +1.0% over 20.
Not enough comparable past events yet for a historical read.
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.
