# Trade War Repercussions for U.S. Agriculture

> A CME Group research article examines how U.S. tariffs and retaliation are affecting agriculture, arguing soybeans face much greater risk than corn. It expects corn to regain acreage leadership in 2019 and says Brazil and Argentina will benefit most from trade retaliation.

- Date: 2018-07-11 · published 2018-07-11T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/63896-trade-war-repercussions-for-u-s-agriculture
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The analysis points to sustained pressure on U.S. soybean prices and export demand, supporting a bearish outlook for soybeans relative to corn and a shift of trade flows toward South America.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-01-16 | [What is the toll of trade wars on U.S. agriculture? \| PBS News](https://feedsoft.ai/events/55070-what-is-the-toll-of-trade-wars-on-u-s-agriculture-pbs-news.md) | -2.1% | -3.5% |
| SOY | 2023-11-02 | [U.S. farm leaders, visiting China, talk up agriculture trade \| Reuters](https://feedsoft.ai/events/14797-u-s-farm-leaders-visiting-china-talk-up-agriculture-trade-reuters.md) | +4.5% | +4.0% |
| SOY | 2018-06-16 | [China hits U.S. agriculture with retaliation](https://feedsoft.ai/events/64580-china-hits-u-s-agriculture-with-retaliation.md) | -1.2% | -8.4% |
| 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 | 2018-06-24 | [Trade wars leave farming as a casualty - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/64502-trade-wars-leave-farming-as-a-casualty-agweek-1-source-for-agriculture-news.md) | -4.0% | -5.2% |
| CORN | 2017-02-14 | [U.S. Agricultural Trade with China (02/14/2017)](https://feedsoft.ai/events/72354-u-s-agricultural-trade-with-china-02-14-2017.md) | -0.2% | -2.4% |
| CORN | 2018-09-02 | [U.S., Mexico reach agreement on key trade provisions - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/63004-u-s-mexico-reach-agreement-on-key-trade-provisions-agweek-1-source-for.md) | +0.9% | +1.1% |
| CORN | 2022-10-31 | [Agriculture trade with US going strong - Chinadaily.com.cn](https://feedsoft.ai/events/14895-agriculture-trade-with-us-going-strong-chinadaily-com-cn.md) | -2.2% | -3.8% |

## Sources

- cmegroup.com: https://www.cmegroup.com/education/featured-reports/trade-war-repercussions-for-us-agriculture

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