Graphic: Crop chop - China shuns U.S. soybeans amid trade war, turns to Brazil

After 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.

• Mar 14, 2019Why U.S. growers are betting the farm on soybeans amid China trade war+1.9%
• Dec 12, 2024Trump trade war to hurt farmers as China turns to Brazil-4.4%
• Oct 12, 2018Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT+0.6%
• Aug 1, 2018Why Soybeans Are at the Heart of the U.S.-China Trade War-1.6%
• Feb 1, 2026China Turns to Cheaper Brazil Soybeans After Meeting US Pledge+4.8%

After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.

• Mar 14, 2019Why U.S. growers are betting the farm on soybeans amid China trade war+3.8%
• Oct 12, 2018Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT+1.1%
• Aug 1, 2018Why Soybeans Are at the Heart of the U.S.-China Trade War-2.5%
• Dec 27, 2018As trade war crushes China's soybean mills, U.S. rivals make hay+3.1%
• Dec 27, 2018Inside China's strategy in the soybean trade war+3.1%

After 26 past neutral trade events, Brazilian Real (BRL per USD) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.4%), and +1.3% over 20.

• Jan 16, 2018For US Soybean Growers, Trade War Is Here-0.4%
• Mar 21, 2023China soybean prices plunge amid weaker local demand, higher Brazil farmer sales-0.3%
• May 28, 2020Soybean Retreats From Two-Week High on US-China Trade Concerns-4.5%
• Jun 25, 2019China’s US soybean and pork imports down 55.3 per cent due to trade war, African swine fever | South China Morning Post-0.1%
• Aug 20, 2019Chinese prefer Brazilian soybeans - DatamarNews+2.9%