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The American Soybean Association CEO said Chinese retaliatory tariffs have hurt US soybean prices, which have fallen nearly 20% since China announced its tariff plans on 4 April. Brazilian beans are fetching a premium because of Chinese demand.
The tariffs have cut US soybean export demand and farm-gate prices, while Brazilian supply gains a premium, so the price pressure on US producers persists.
cnbc.comJeff DanielsJul 12, 2018After 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.
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.
