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An ERS report released in February estimates that U.S. agricultural commodities lost $27.2 billion from mid-2018 through 2019 due to retaliatory tariffs. More than 70% of those losses fell on soybeans, with the largest impacts in Midwestern states.
The tariffs were retaliation for U.S. Section 232 and Section 301 tariffs.
The figures document the scale of soybean export losses during the trade war, which informs how markets assess future tariff risk. The report contains no new policy change, so the direct price impact is small.
ocj.comBrianna SmithMar 1, 2022After 563 past neutral report events, SOY moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.
