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China imposed a 25% extra tariff on U.S. soybeans in July and later raised it to 33%, bringing total tariffs to about 60 million yuan per cargo. A delayed U.S. soybean cargo booked under a waiver has begun offloading, but concerns remain among buyers.
High per-cargo tariff costs deter Chinese buying of U.S. beans, keeping demand shifted toward Brazil and weighing on U.S. soybean prices relative to South American supply.
reuters.comHallie GuNov 7, 2019After 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.
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.
