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Former President Donald Trump has proposed an across-the-board baseline tariff on all U.S. imports and ending China's normalized trade relations. Farm groups fear retaliation against U.S. agricultural exports, as happened during his previous trade war.
Proposed broad tariffs raise the risk of retaliatory duties on U.S. farm exports such as soybeans, which would weigh on U.S. feed commodity prices if enacted.
agri-pulse.comPhilip BrasherJan 10, 2024After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.
After 310 past bearish policy events, CORN moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 41 past policy events, DXY moved a median -0.2% over 5 sessions (44% higher; middle half -0.6% to +0.4%), 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.
