# 'China has crashed the price': Canadian farmers collateral damage in China-U.S. trade war - Financial Post

> Canadian soybean farmers are losing money as US soybean prices fell to about 8.50 dollars a bushel, down nearly 20 percent since late May, after China's 25 percent tariff on US soybeans. Canadian prices follow US futures, and a weaker Canadian dollar has only partly offset the drop. Analysts say China has crashed the price.

- Date: 2018-07-10 · published 2018-07-10T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/64041-china-has-crashed-the-price-canadian-farmers-collateral-damage-in-china-u-s
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower US soybean futures set the benchmark for Canadian and US soybean prices and reduce the cost of soybean meal inputs for feed makers. The decline reflects lost Chinese demand for US beans.

## Read by commodity

- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-07-13 | [Canadian farmers 'caught in the crossfire' of US-China trade war](https://feedsoft.ai/events/64037-canadian-farmers-caught-in-the-crossfire-of-us-china-trade-war.md) | +1.9% | +7.0% |
| SOY | 2017-01-26 | [America's farmers stand to lose the most in a China trade war](https://feedsoft.ai/events/72863-america-s-farmers-stand-to-lose-the-most-in-a-china-trade-war.md) | -1.8% | -4.1% |
| SOY | 2018-10-22 | [Damaged soybean crop hits farmers reeling from U.S.-China trade war \| Farmtario](https://feedsoft.ai/events/62590-damaged-soybean-crop-hits-farmers-reeling-from-u-s-china-trade-war-farmtario.md) | -1.4% | +4.1% |
| SOY | 2018-11-12 | [U.S. soybean farmers hang on for dear life in Trump's China trade war](https://feedsoft.ai/events/62097-u-s-soybean-farmers-hang-on-for-dear-life-in-trump-s-china-trade-war.md) | +1.9% | +4.5% |
| SOY | 2018-11-14 | [U.S. farmers scramble to contain trade-war damage, find new markets](https://feedsoft.ai/events/61932-u-s-farmers-scramble-to-contain-trade-war-damage-find-new-markets.md) | +1.6% | +4.6% |

## Sources

- financialpost.com: https://financialpost.com/commodities/agriculture/china-has-crashed-the-price-canadian-farmers-collateral-damage-in-china-u-s-spat
- financialpost.com: https://financialpost.com/economy/china-has-crashed-the-price-canadian-farmers-collateral-damage-in-china-u-s-spat/

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