
Chinese companies suspended new purchases of U.S. farm goods after Trump announced 10% tariffs on an additional $300 billion of Chinese goods starting Sept. 1.
Beijing called the move a serious violation of the June consensus and said it may levy tariffs on U.S. agricultural products bought after Aug. 3.
A halt in Chinese buying of U.S. farm goods removes a major export outlet, weighing on U.S. soybean and grain prices.
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 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 (SRW) 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.