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A bipartisan House Select Committee on the Chinese Communist Party recommended resetting US trade with China, including revoking low tariff rates set over two decades ago. The report warned that tougher measures could bring retaliation against US agriculture and urged USDA to find alternative export markets.
Proposed tariff increases raise the risk of Chinese retaliation against US farm exports, which would pressure soybean and other US agricultural prices if enacted.
agriculturedive.comSarah ZimmermanDec 13, 2023After 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.
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.
