
China announced an extra 5% tariff on U.S. soybeans starting Sept. 1, and additional 10% duties on U.S. wheat, corn and sorghum from Dec.
15. The measures are retaliation against new U.S. trade actions.
Higher tariffs on U.S. grain and oilseed exports reduce Chinese demand for U.S. supplies, pushing U.S. futures lower and encouraging buyers to shift to Brazilian and other origins.
After 803 past bearish trade events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 683 past bearish trade events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 375 past bearish trade events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
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.