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U.S. soybean shipments to China continued despite the 25% tariff. The Star Jennifer became the second cargo of U.S. beans to dock in China since the tariff took effect, carrying about 700,000 tons.
Shipping data showed buyers resumed some purchases after a three-week pause.
Resumed buying shows Chinese importers are still taking U.S. beans at a markup, which partly offsets the tariff's demand loss. Supply tightness in Brazil could keep demand for U.S. beans alive.
caixinglobal.comKe Dawei, Huang ShulunAug 17, 2018After 250 past neutral trade events, SOY moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), 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.
