◂ Event Timeline

Jul 26, 2023TRADEChina

Impacts of China trade war still scar some US specialty crops

Specialty crop exporters say US almonds and pistachios have recovered in China, while walnuts, table grapes, cherries and apples remain below pre-trade-war levels. Chinese retaliatory tariffs are cited as the main ongoing cause.

WHY IT MATTERS

The continuing tariffs cut US export demand for specialty crops, but this has little direct effect on feed commodity prices.

AFFECTSSoybeans Corn Soybean Meal

SOURCE
agri-pulse.comBill TomsonJul 26, 2023

Price reaction & history

Soybeansno directional readSO FAR1d +2.0%5d -4.5%20d -10.8%

After 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.

Jul 19, 2023US recovers share of China’s ag imports after trade war | Agri-Pulse Communications, Inc.+1.6%
Feb 25, 2020US: China lifts some trade barriers in phase one | 2020-02-25 | Agri-Pulse Communications, Inc.+1.9%
May 27, 2021USTR meets with China’s top trade official | 2021-05-27 | Agri-Pulse Communications, Inc.+3.0%
Jun 30, 2021China signals another strong year of importing US soy | 2021-06-29 | Agri-Pulse Communications, Inc.+2.0%
Jun 8, 2022Yellen critical of US tariffs on China | 2022-06-08 | Agri-Pulse Communications, Inc.-1.7%

Cornno directional readSO FAR1d -1.9%5d -13.9%20d -17.3%

After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.

Jul 19, 2023US recovers share of China’s ag imports after trade war | Agri-Pulse Communications, Inc.+13.6%
Feb 25, 2020US: China lifts some trade barriers in phase one | 2020-02-25 | Agri-Pulse Communications, Inc.+0.4%
May 27, 2021USTR meets with China’s top trade official | 2021-05-27 | Agri-Pulse Communications, Inc.+6.1%
Jun 8, 2022Yellen critical of US tariffs on China | 2022-06-08 | Agri-Pulse Communications, Inc.-1.5%
Jan 15, 2020China deal to open flood gates for US ag trade | 2020-01-15 | Agri-Pulse Communications, Inc.+0.3%

Soybean Mealno directional readSO FAR1d +1.9%5d +0.4%20d -9.3%

After 977 past trade events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.8%), and +0.1% over 20.

Jul 19, 2023US recovers share of China’s ag imports after trade war | Agri-Pulse Communications, Inc.+2.2%
May 27, 2021USTR meets with China’s top trade official | 2021-05-27 | Agri-Pulse Communications, Inc.+1.1%
Jun 30, 2021China signals another strong year of importing US soy | 2021-06-29 | Agri-Pulse Communications, Inc.+1.8%
Jan 16, 2026China-Canada deal could lift some US feed prices | Agri-Pulse Communications, Inc.+1.2%
Jul 22, 2020China ramps up US soy purchases on good prices | 2020-07-22 | Agri-Pulse Communications, Inc.+1.2%

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.

Soybeans SOY · GP ▸

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Corn CORN · GP ▸

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