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A Congressional Research Service brief reviews China's retaliatory tariffs on U.S. agriculture. It notes U.S. agricultural exports to China fell 53% in 2018 to $9 billion, and China dropped to the fourth-largest destination by mid-2019.
The brief also outlines the origins of the trade dispute.
The background shows how far China's demand for U.S. farm goods has fallen, which keeps export-dependent soybean prices under pressure until tariffs are resolved.
everycrsreport.comSep 24, 2019After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
