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Commentary says new retaliatory tariffs from China, Europe, Canada and Mexico are being applied to US products in response to US tariff actions. It also notes the US government is providing $12 billion in farm aid.
The author expects soybeans and soybean meal to take the largest hit, with Brazil and Argentina gaining South American export share.
Tariffs that shut US soybeans out of key export markets push US soy and meal prices lower relative to South American supplies, which weighs on feed protein costs for buyers.
en.lider.mediaLider MediaJul 25, 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.
