
China said it will follow through with an additional 25 percent tariff on about $50 billion of US imports, with about $34 billion starting July 6 and covering soybeans, corn, wheat, sorghum, pork, beef and other farm goods. The move escalates the US-China trade dispute over agriculture.
Tariffs on US soybeans, corn and other grains reduce US export competitiveness in China, pressuring US futures and basis while supporting Brazilian and other competitor flows.
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 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.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.