
China reportedly considered retaliatory tariffs on U.S. agricultural and food products ahead of scheduled U.S. tariffs on Canada, Mexico and China. Soymeal fell to a 10-week low amid liquidation and the retaliation reports.
Possible Chinese tariffs on U.S. soybeans and other farm goods threaten export demand and would likely pressure soybean and meal futures further, while a last-minute deal could lift prices.
After 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 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.
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.