Loading…
A study commissioned by the American Soybean Association and National Corn Growers Association estimates that a new US-China tariff war could cost soybean farmers $3.6 to $5.9 billion and corn farmers $0.9 to $1.4 billion annually. It also projects lower crop prices in the US.
The study implies a renewed tariff war would reduce China's US purchases and lower US soybean and corn prices, while raising the risk of Brazilian and South American acreage expansion.
farmpolicynews.illinois.eduRyan HanrahanOct 17, 2024After 803 past bearish trade events, Soybeans 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.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), 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.
