
China revoked tariff exemptions it had granted to several importers for U.S. soybeans, in retaliation for new U.S. tariffs announced by Trump. At least one 68,000-tonne purchase by Yihai Kerry, a Wilmar subsidiary, was sealed before the Aug.
3 deadline.
Losing tariff exemptions makes U.S. soybeans more expensive for Chinese crushers, reducing demand and pressuring U.S. soybean 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 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.