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Chinese soybean meal prices are edging up in domestic markets while CME soybean futures fall, as traders worry about fewer US soybean shipments in coming months. President Trump asked the US Trade Representative to identify another $200 billion in Chinese goods for a possible 10% tariff increase, escalating the dispute.
Expected US soybean shortfalls could tighten Chinese meal supply and lift Chinese meal prices, while US soybean futures face pressure from lost export demand and the wider tariff escalation.
dtnpf.comJun 19, 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 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.
