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Farm Futures reported that China's soybean purchases from the US for the year are down 97 percent. The article focuses on the impact of the trade war on soybean and pork farmers.
It is a policy-focused overview of trade war effects.
A near-total halt in Chinese US soybean purchases tightens US export demand and pressures US soybean prices, while the 62 percent tariff on US pork weighs on hog markets.
feedstuffs.comJacqui FatkaOct 29, 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.
After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% 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.
