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Soybean futures have fallen about 25% from March highs, with the old-crop contract hitting nine-year lows. The author notes the Chinese tariff on US soybeans is 25%, and the losses partly reflect that trade-war duty.
The tariff-driven selloff has cut US soybean prices sharply, and further losses are possible if Midwest weather stays favorable.
dtnpf.comElaine KubJul 18, 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.
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.
