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Old and new crop sunflower prices fell the prior week as the US-China trade dispute weighed on the oilseed complex. The US imposed tariffs on $34 billion of Chinese goods, and China retaliated with duties on US soybeans, pork and cotton.
Broad oilseed weakness and extra tariffs on US soybeans reduce export demand and pressure sunflower and oilseed meal prices for feed buyers.
hpj.comHPJ StaffJul 12, 2018Not enough comparable past events yet for a historical read.
After 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.
