# Soybean Prices Dip As Trump's Chinese Tariffs Take Effect

> US tariffs on $34 billion of Chinese goods took effect on Nov 1, 2019, and China retaliated with duties on several US products including soybeans. Soybean prices had already declined for weeks in anticipation. Farmers said the tariffs add to financial strain.

- Date: 2019-11-01 · published 2019-11-01T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/56103-soybean-prices-dip-as-trump-s-chinese-tariffs-take-effect
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Retaliatory tariffs make US soybeans less competitive in China, the largest importer, shifting demand to Brazil and pressuring US soybean and meal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-04-09 | [Oil falls to lowest since 2021 as Trump's tariffs take effect](https://feedsoft.ai/events/6322-oil-falls-to-lowest-since-2021-as-trump-s-tariffs-take-effect.md) | +4.4% | +3.8% |
| SOY | 2018-03-29 | [Chinese soybean tariffs would hurt U.S. soybean farmers](https://feedsoft.ai/events/65865-chinese-soybean-tariffs-would-hurt-u-s-soybean-farmers.md) | +1.3% | +1.0% |
| SOY | 2019-05-06 | [Chinese yuan tumbles as Donald Trump threatens trade tariffs](https://feedsoft.ai/events/10428-chinese-yuan-tumbles-as-donald-trump-threatens-trade-tariffs.md) | -3.9% | +6.0% |
| SOY | 2024-11-26 | [Corn, Soybeans Ease as Market Digests Trump Tariff Threats](https://feedsoft.ai/events/6059-corn-soybeans-ease-as-market-digests-trump-tariff-threats.md) | +0.6% | -1.1% |
| SOY | 2019-08-01 | [Oil slumps 7% as Trump announces additional tariffs on Chinese imports](https://feedsoft.ai/events/8492-oil-slumps-7-as-trump-announces-additional-tariffs-on-chinese-imports.md) | -1.8% | -1.3% |
| SBM | 2018-03-29 | [Chinese soybean tariffs would hurt U.S. soybean farmers](https://feedsoft.ai/events/65865-chinese-soybean-tariffs-would-hurt-u-s-soybean-farmers.md) | +3.3% | +2.1% |
| SBM | 2019-05-06 | [Chinese yuan tumbles as Donald Trump threatens trade tariffs](https://feedsoft.ai/events/10428-chinese-yuan-tumbles-as-donald-trump-threatens-trade-tariffs.md) | -3.2% | +9.2% |
| SBM | 2018-06-16 | [China hikes tariffs on US soybeans, electric cars, fish \| AP News](https://feedsoft.ai/events/64396-china-hikes-tariffs-on-us-soybeans-electric-cars-fish-ap-news.md) | +0.1% | -2.9% |

## Sources

- ipm.org: https://www.ipm.org/2019-11-01/soybean-prices-dip-trumps-chinese-tariffs-effect-151458

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.