# Trade wars leave farming as a casualty - Agweek | #1 source for agriculture news, farming, markets

> Wheat markets were hammered this week as new US tariffs on Chinese goods totaling $200 billion were announced, raising the prospect of further countermeasures that could cut US export demand. Spring wheat crop conditions improved, adding pressure. Corn and soybeans also weakened on trade concerns.

- Date: 2018-06-24 · published 2018-06-24T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/64502-trade-wars-leave-farming-as-a-casualty-agweek-1-source-for-agriculture-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expanded tariffs threaten US feed grain and oilseed export demand, and with supplies comfortable, the potential demand loss is bearish for grains and soymeal.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-02-24 | [A harsh realization that US wheat is too expensive - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/6776-a-harsh-realization-that-us-wheat-is-too-expensive-agweek-1-source-for.md) | -3.6% | +0.5% |
| WHEAT | 2018-06-01 | [Trade war rhetoric — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/64504-trade-war-rhetoric-this-week-in-the-grain-markets-realagriculture.md) | +0.3% | -2.1% |
| WHEAT | 2019-08-02 | [August prices start off with new lows — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/6040-august-prices-start-off-with-new-lows-this-week-in-the-grain-markets.md) | +0.0% | +0.2% |
| WHEAT | 2019-01-04 | [Farming News - Weekly Wheat Market Update](https://feedsoft.ai/events/61174-farming-news-weekly-wheat-market-update.md) | +0.2% | +3.1% |
| WHEAT | 2017-11-24 | [Farming News - EU markets at the mercy of aggressive Black Sea shipping campaigns](https://feedsoft.ai/events/67921-farming-news-eu-markets-at-the-mercy-of-aggressive-black-sea-shipping-campaigns.md) | -0.1% | +0.4% |
| CORN | 2018-09-24 | [Western Corn Belt faces grain storage crunch - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/63059-western-corn-belt-faces-grain-storage-crunch-agweek-1-source-for-agriculture.md) | +0.7% | +2.6% |
| CORN | 2018-11-17 | [Global trade flows dominate local cash markets — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/11723-global-trade-flows-dominate-local-cash-markets-this-week-in-the-grain-markets.md) | -1.4% | +8.5% |
| CORN | 2018-06-01 | [Trade war rhetoric — This week in the grain markets - RealAgriculture](https://feedsoft.ai/events/64504-trade-war-rhetoric-this-week-in-the-grain-markets-realagriculture.md) | -2.6% | -8.6% |

## Sources

- agweek.com: https://www.agweek.com/opinion/trade-wars-leave-farming-as-a-casualty

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