# Pulling the Trigger on Soybean Prices | Red River Farm Network

> Top Third Ag analyst Jeff French advises soybean farmers to lock in price floors with new-crop soybeans above $10. He cites continued uncertainty over a possible China trade war and tariffs affecting export markets.

- Date: 2018-05-02 · published 2018-05-02T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/4610-pulling-the-trigger-on-soybean-prices-red-river-farm-network
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Potential Chinese tariffs threaten US soybean export demand and could pressure prices. Farmers and buyers face wider price risk until trade policy is clearer.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-07-12 | [COFCO: China Will Look to the World for Other Protein Souces \| Red River Farm Network](https://feedsoft.ai/events/64150-cofco-china-will-look-to-the-world-for-other-protein-souces-red-river-farm.md) | +1.5% | +7.7% |
| SOY | 2021-12-28 | [A Narrow Export Window Possible for U.S. Soybeans \| Red River Farm Network](https://feedsoft.ai/events/43633-a-narrow-export-window-possible-for-u-s-soybeans-red-river-farm-network.md) | -1.4% | +3.3% |
| SOY | 2023-02-03 | [Soybean prices in Ukraine are falling against the backdrop of reduced export demand](https://feedsoft.ai/events/12881-soybean-prices-in-ukraine-are-falling-against-the-backdrop-of-reduced-export.md) | -1.0% | -0.2% |
| SOY | 2018-08-08 | [Canola Farmers Feel Tariff Impact \| Red River Farm Network](https://feedsoft.ai/events/63516-canola-farmers-feel-tariff-impact-red-river-farm-network.md) | -2.8% | -7.2% |
| SOY | 2018-07-31 | [Trade Timeline and Corn and Soybean Prices - farmdoc daily](https://feedsoft.ai/events/63900-trade-timeline-and-corn-and-soybean-prices-farmdoc-daily.md) | +0.3% | -4.6% |
| SBM | 2019-02-08 | [Soybean Processing Capacity in Expansion Phase \| Red River Farm Network](https://feedsoft.ai/events/60664-soybean-processing-capacity-in-expansion-phase-red-river-farm-network.md) | 0.0% | -2.1% |
| SBM | 2018-07-12 | [COFCO: China Will Look to the World for Other Protein Souces \| Red River Farm Network](https://feedsoft.ai/events/64150-cofco-china-will-look-to-the-world-for-other-protein-souces-red-river-farm.md) | -1.4% | +1.2% |
| SBM | 2023-02-03 | [Soybean prices in Ukraine are falling against the backdrop of reduced export demand](https://feedsoft.ai/events/12881-soybean-prices-in-ukraine-are-falling-against-the-backdrop-of-reduced-export.md) | +0.3% | -1.2% |

## Sources

- rrfn.com: https://www.rrfn.com/2018/05/02/pulling-the-trigger/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.