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Xinhua commentary says U.S. soybean farmers are caught in the Sino-U.S. trade conflict after new tariffs on $200 billion of Chinese exports. Chinese experts dismissed a U.S. proposal to use tariff revenue to buy farm produce for food aid as violating WTO rules.
Continued uncertainty over Chinese soybean demand and the rejected food-aid plan keeps pressure on U.S. soybean prices and encourages buyers to shift toward Brazilian supply.
xinhuanet.comMay 24, 2019After 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.
