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The Biden administration is reportedly considering lifting some tariffs on Chinese goods to ease inflation, which is at a 40-year high. Farm Bureau officials say many U.S. farm products still face Chinese tariffs, including ethanol and dry distillers grains, and that U.S. sales to China remain limited.
Commerce Secretary Gina Raimondo said some tariffs will stay in place.
Lower tariffs on U.S. farm products such as DDGS would reopen Chinese demand and support U.S. corn and soybean prices, though the scope of relief is still uncertain.
aginfo.netJun 15, 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.
Not enough comparable past events yet for a historical read.
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.
