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Treasury Secretary Janet Yellen criticized Section 301 tariffs on more than $300 billion of Chinese goods and said the Treasury will look at reconfiguring them. Farm groups have asked the administration to withdraw these tariffs and retaliatory measures on U.S. agriculture.
If the tariffs are rolled back and China's retaliation eases, U.S. soybean, corn and other farm exports to China could recover, supporting U.S. feed grain prices.
agri-pulse.comBill TomsonJun 8, 2022After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), 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.
