
Market analysts discussed how Trump's trade war tariffs are affecting currency and debt markets. Deutsche Bank and Lombard Odier estimated the growth impact of possible 10% and 20% tariffs on the euro zone.
Broad tariff escalation raises global growth risk and volatility in currencies and commodities, which can weigh on feed demand and trade flows.
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.
After 13 past neutral trade events, US Dollar (Broad) moved a median -0.3% over 5 sessions (31% higher; middle half -0.7% to +0.1%), and -0.6% over 20.
After 23 past trade events, Euro (USD per EUR) moved a median -0.4% over 5 sessions (43% higher; middle half -0.9% to +0.7%), 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.