# Shipping markets in chaos over trade war | 2018-08-07  | World Grain

> 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.

- Date: 2018-08-07 · published 2018-08-07T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/63422-shipping-markets-in-chaos-over-trade-war-2018-08-07-world-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- OCEANFRT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-01-24 | [Trade War’s impact on grain shipping \| 2019-01-24  \| World Grain](https://feedsoft.ai/events/61014-trade-war-s-impact-on-grain-shipping-2019-01-24-world-grain.md) | +0.7% | -0.4% |
| SOY | 2018-09-19 | [Grain Market Review: Oilseeds \| 2018-09-19  \| World Grain](https://feedsoft.ai/events/63011-grain-market-review-oilseeds-2018-09-19-world-grain.md) | +3.9% | +8.7% |
| SOY | 2018-03-23 | [Asian markets jittery over trade war fears](https://feedsoft.ai/events/66230-asian-markets-jittery-over-trade-war-fears.md) | +1.5% | -0.1% |
| SOY | 2018-06-01 | [Trade war rhetoric — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/64504-trade-war-rhetoric-this-week-in-the-grain-markets-realagriculture.md) | -4.3% | -15.4% |
| SOY | 2019-08-08 | [US-China trade war: Soybean farmers are working new markets](https://feedsoft.ai/events/57614-us-china-trade-war-soybean-farmers-are-working-new-markets.md) | +1.4% | +0.1% |
| CORN | 2019-01-24 | [Trade War’s impact on grain shipping \| 2019-01-24  \| World Grain](https://feedsoft.ai/events/61014-trade-war-s-impact-on-grain-shipping-2019-01-24-world-grain.md) | +1.4% | +0.3% |
| CORN | 2018-09-24 | [Trade war lowers China’s grain imports \| 2018-09-24  \| World Grain](https://feedsoft.ai/events/62890-trade-war-lowers-china-s-grain-imports-2018-09-24-world-grain.md) | +0.7% | +2.6% |
| CORN | 2018-03-23 | [Asian markets jittery over trade war fears](https://feedsoft.ai/events/66230-asian-markets-jittery-over-trade-war-fears.md) | +1.9% | +3.1% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/10779-shipping-markets-in-chaos-over-trade-war

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.