Loading…
The BBC explains how US soybean producers face losing their largest export market, China, after Beijing imposed heavy tariffs in response to US tariffs. Trump announced a $12 billion farm aid plan and said the EU would buy more US soybeans.
China accounts for about 60% of global soybean trade, largely to feed livestock.
Loss of Chinese demand for US soybeans forces redirection of supply to other buyers, keeping US soy prices under pressure relative to Brazilian origin.
bbc.comReality Check teamAug 1, 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 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.
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.
