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China will reimburse buyers for the 25% tariff on U.S. soybean imports if the cargoes are destined for state reserves, according to a Bloomberg report citing unidentified sources. The tariffs apply to $34 billion of goods from each country starting July 6.
State reserve purchases could support some U.S. soybean demand despite tariffs, partially offsetting the bearish effect of the trade dispute on U.S. soybean prices.
reuters.comJul 9, 2018After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% 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.
