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China's finance ministry announced additional tariffs of 10% to 15% on various US agricultural goods, including soybeans, corn, dairy and beef, in response to new US tariffs. The article also describes China's efforts since 2019 to reduce reliance on US farm imports.
New Chinese tariffs make US feed grains and soybeans less competitive in China, likely pressuring US export prices and shifting trade toward Brazil.
business-standard.comRimjhim SinghJun 3, 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.
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.
