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World Grain reports that shipping markets are in disarray due to the US-China trade war, with contradictory US trade policy statements creating daily challenges for supply chain and freight planning. The US also pressed steel and aluminum tariffs against the EU, Canada and Mexico, and the EU threatened retaliatory tariffs on US goods if no compromise was reached.
Tariff uncertainty and threatened retaliation against US farm exports disrupt grain export flows and freight planning, pressuring US soybean and grain basis and bulk freight rates.
world-grain.comAug 7, 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 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
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.
