
China will cut import tariffs from July 1 on soybeans, soymeal, soybean cake, rapeseed and fishmeal from Bangladesh, India, Laos, South Korea and Sri Lanka. Current rates are 3% on soybeans, 9% on rapeseed, 5% on soymeal and cake, and 2% on fishmeal.
Lower duties let China source feed proteins from non-U.S. origins more cheaply, diverting demand away from U.S. soybeans and meal, which is bearish for those prices.
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.
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.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.