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Agriculture.com reports that the EU is ready to impose over $7 billion in retaliatory tariffs on US agricultural exports if the threatened US tariffs take effect August 1. The same roundup covers Trump's nomination of Julie Callahan as USTR chief agricultural negotiator.
Retaliatory tariffs on US farm exports would cut demand for soybeans, corn and other US farm goods sold to the EU, which is bearish for US prices. The threat is still conditional on the August 1 deadline.
agriculture.comSara WyantJul 18, 2025After 803 past bearish trade events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 683 past bearish trade events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
