# Trump-China Trade Tensions Hit Panama Canal Revenues -

> The Panama Canal Authority says the US-China trade dispute has cut US-to-China cargo through the canal by about 8 million tons since October, and Japan has displaced China as the second-largest user. China is buying US farm products less and sourcing soy from Brazil instead, and the canal forecasts $3.2 billion in revenue this fiscal year.

- Date: 2019-07-16 · published 2019-07-16T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/57990-trump-china-trade-tensions-hit-panama-canal-revenues
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

China substituting Brazilian soy for US supply reduces US export demand, which is bearish for US soybeans and the soymeal complex as Brazilian origin gains share.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-07-11 | [US - China trade war hitting Panama Canal revenues](https://feedsoft.ai/events/57984-us-china-trade-war-hitting-panama-canal-revenues.md) | -1.2% | -5.0% |
| SOY | 2017-04-10 | [Ag has plenty at stake in potential U.S. - China trade tensions](https://feedsoft.ai/events/71366-ag-has-plenty-at-stake-in-potential-u-s-china-trade-tensions.md) | +1.2% | +1.5% |
| SOY | 2019-08-27 | [Forex markets: US-China trade tensions in focus](https://feedsoft.ai/events/57811-forex-markets-us-china-trade-tensions-in-focus.md) | +0.3% | +4.7% |
| SOY | 2020-05-28 | [China securing Brazilian soy with US trade tensions rising](https://feedsoft.ai/events/53167-china-securing-brazilian-soy-with-us-trade-tensions-rising.md) | +1.1% | +2.6% |
| SOY | 2020-05-02 | [U.S. grains: Soybeans slide on renewed trade tensions with China - Grainews](https://feedsoft.ai/events/53163-u-s-grains-soybeans-slide-on-renewed-trade-tensions-with-china-grainews.md) | +0.2% | -0.8% |
| SBM | 2019-08-27 | [Forex markets: US-China trade tensions in focus](https://feedsoft.ai/events/57811-forex-markets-us-china-trade-tensions-in-focus.md) | -1.7% | +0.8% |
| SBM | 2018-05-08 | [U.S.-China trade tensions press CBOT soybeans - Xinhua \| English.news.cn](https://feedsoft.ai/events/7885-u-s-china-trade-tensions-press-cbot-soybeans-xinhua-english-news-cn.md) | +1.3% | -4.5% |
| SBM | 2019-06-28 | [US-China trade tensions hurt Argentine soybean exports - Chinadaily.com.cn](https://feedsoft.ai/events/58439-us-china-trade-tensions-hurt-argentine-soybean-exports-chinadaily-com-cn.md) | -2.7% | -2.9% |

## Sources

- panamaadvisoryinternationalgroup.com: https://panamaadvisoryinternationalgroup.com/blog/trump-china-trade-tensions-hit-panama-canal-revenues/

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