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An Olive Oil Times article reports that FAO data showed oilseed prices fell 8% in June to a 17-month low and vegetable oil prices fell 3%, their fifth straight monthly decline. The drop was attributed largely to China's additional 25% tariff on U.S. soybeans.
Tariff-driven weakness in soybeans and oilseeds lowers feedstock costs for buyers but signals trade-war pressure on the broader oilseed complex and soymeal spillover.
oliveoiltimes.comOOT StaffJul 20, 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.
After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% over 20.
After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% 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.
