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President Biden unveiled a package of steep tariff increases on Chinese imports. The coverage outlines the US-China trade relationship by sector, noting China relies on US agricultural products such as soybeans.
Retaliatory risk from China could curb its purchases of US soybeans, a major feed-protein input. Tariff escalation therefore adds downside pressure to soybean and meal prices.
reuters.comMay 14, 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 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.
