◂ Event Timeline

Jan 9, 2020TRADEUS

New Data: U.S. Soybean Farmers Lost 2nd Year To China Trade War

Trade war tariffs cut US soybean exports to China, which had accounted for over 60% of US soybean exports as recently as 2016. US exports to China reportedly fell to zero in November 2019.

WHY IT MATTERS

Loss of China as an export market keeps US soybean demand weak and export prices pressured.

AFFECTSSoybeans▼

SOURCE
forbes.comKen RobertsJan 9, 2020

Price reaction & history

Soybeans▼bearishSO FAR1d -0.5%5d -1.0%20d -6.1%

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.

Aug 8, 2019US-China trade war: Soybean farmers are working new markets+1.4%
Nov 12, 2018U.S. soybean farmers hang on for dear life in Trump's China trade war+1.9%
Oct 12, 2018Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT+0.6%
Mar 2, 2019As trade war wears on, U.S. soybean farmers start to worry that China's demand won't return-1.7%
Jan 26, 2017America's farmers stand to lose the most in a China trade war-1.8%

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.

Soybeans SOY · GP ▸

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