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A Farm Progress commentary asks whether renewed Trump tariffs would hurt or help U.S. farmers, citing a USDA estimate of about $27 billion in lost ag exports from 2018 to 2019 tied largely to the China trade war. It notes that Biden has kept the China tariffs in place while Republicans have signaled support for tariffs.
Expectations of renewed China tariffs would weigh on US soybean and corn export demand, which is a bearish risk for those prices if such policy materializes. The piece is commentary rather than a new trade action.
farmprogress.comJoshua Baethge, Jacqueline HollandJun 7, 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.
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.
