# AgriCensus Report

> The Brazil-US soybean export price spread widened to $47/mt, its highest since November 2018, as China announced it would raise soybean import tariffs to 30% from 25% starting September 1. US Gulf cash premiums slumped while Brazilian premiums rose on expected Chinese demand.

- Date: 2019-08-28 · published 2019-08-28T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/57609-agricensus-report
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

A higher tariff on US soybeans makes Brazilian supply more competitive into China, pressuring US export basis and flat prices while supporting Brazilian soybean and meal values.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼
- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-09-27 | [Soybean Weekly Report](https://feedsoft.ai/events/11979-soybean-weekly-report.md) | -3.0% | -5.0% |
| SOY | 2019-09-05 | [Retaliatory Tariffs and U.S. Agriculture - EveryCRSReport.com](https://feedsoft.ai/events/57078-retaliatory-tariffs-and-u-s-agriculture-everycrsreport-com.md) | -1.0% | +5.9% |
| SOY | 2020-02-21 | [Rapeseed: USDA damps export expectations  - Mundus Agri](https://feedsoft.ai/events/54702-rapeseed-usda-damps-export-expectations-mundus-agri.md) | -0.7% | -5.5% |
| SOY | 2018-07-11 | [Trade War Repercussions for U.S. Agriculture](https://feedsoft.ai/events/63896-trade-war-repercussions-for-u-s-agriculture.md) | -1.5% | +4.3% |
| SOY | 2025-01-31 | [US agricultural exports/imports threatened by Trump trade actions \| Reuters](https://feedsoft.ai/events/14689-us-agricultural-exports-imports-threatened-by-trump-trade-actions-reuters.md) | +1.6% | -3.1% |
| SBM | 2024-03-04 | [Arable Market Report - 04 March 2024 \| AHDB](https://feedsoft.ai/events/7298-arable-market-report-04-march-2024-ahdb.md) | +0.5% | -2.9% |
| SBM | 2021-03-04 | [ExportPlanning - A record year for US Soybeans - ExportPlanning](https://feedsoft.ai/events/47971-exportplanning-a-record-year-for-us-soybeans-exportplanning.md) | -3.0% | -1.7% |
| SBM | 2021-06-29 | [2021 U.S. Soybean Outlook Remains Strong After Record First Quarter Export Volume \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/46425-2021-u-s-soybean-outlook-remains-strong-after-record-first-quarter-export.md) | +6.7% | +0.4% |

## Sources

- commodityconversations.com: https://commodityconversations.com/wordpress2/2019/08/28/agricensus-report-37/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.