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China imposes 10–15% tariffs on US soybeans, corn, wheat, pork and beef in response to US tariffs.
WikipediaAfter 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.
After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.
After 1,079 past trade events, Wheat (SRW) moved a median -0.0% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.2% over 20.
After 243 past trade events, Lean Hogs moved a median -0.1% over 5 sessions (48% higher; middle half -2.5% to +2.2%), and +1.5% 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.
The tariffs were formally announced one day after the window closed, so they could only have contributed through anticipation. Markets were already pricing expected Chinese retaliation against US tariffs taking effect March 4, which weighed on the outlook for US corn export demand and on trade sentiment.
