Lashing back, China lets yuan drop, halts US farm purchases

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.

• May 9, 2018China cutting US soybean purchases in face of tariffs threat | AP News+0.7%
• May 30, 2019China Halts U.S. Soybean Purchases, While USMCA Prospects Unfold Under a new Threat of Tariffs on Mexico - Farm Policy News-0.3%
• Sep 22, 2023China cuts soybean purchases from the US in August+0.5%
• Apr 24, 2023US corn falls after China cancels purchases; drags wheat, soy lower-2.6%
• Sep 25, 2025US-Argentine Deal Adds to Farm Groups' Frustration Over Lack of Chinese Purchases+0.4%

After 40 past bullish trade events, Chinese Yuan (CNY per USD) moved a median +0.6% over 5 sessions (75% higher; middle half +0.0% to +1.4%), and +1.1% over 20.

• Aug 5, 2019Yuan devaluation draws new battle lines in US-China trade war | Trade War | Al Jazeera+1.8%
• Aug 5, 2019China lets yuan break key 7 level for first time in decade as trade war worsens+1.8%
• Nov 7, 2024China’s yuan falls to near 3-month low on weaker fixing, tariff worries - Markets - Business Recorder+0.7%
• Feb 28, 2025China’s yuan falls to 2-week low after Trump proposes extra tariffs on Chinese exports-0.5%
• Apr 16, 2025China's yuan slips as worsening Sino-US relations outweigh upbeat Q1 data-0.0%