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A USDA-based analysis estimates that retaliatory tariffs from 2018 to 2019 reduced U.S. agricultural exports by more than $27 billion, or $13.2 billion annualized. Soybeans made up about 71 percent of the annualized losses, followed by sorghum and pork, with China the largest loss.
The study quantifies past demand losses for soybeans and sorghum from tariffs, which underlines how sensitive these exports are to trade disputes. It does not describe new tariff actions, so the current price effect is modest.
wita.orgU.S. Department of AgricultureJan 11, 2022After 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.
Not enough comparable past events yet for a historical read.
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.
