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China will impose additional tariffs of 5% or 10% on 5,078 U.S. products, including soybeans, crude oil and small aircraft, and reinstate tariffs on U.S. cars and auto parts. Soybeans face an extra 5% from Sept.
1, and beef and pork face an extra 10%.
Broad retaliatory tariffs on U.S. farm exports cut Chinese import demand for soybeans and meats, pressuring U.S. ag prices and boosting competitor supply.
realagriculture.comBrennan TurnerAug 24, 2019
reuters.comSe Young Lee, Judy HuaAug 23, 2019After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.
