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A Reuters column argues that China's tariff dispute could lead Beijing to wean itself off American soybeans over the longer term. The author says the short-term need for US beans does not protect the market from lasting damage.
If China permanently reduces US soybean imports, the lost structural demand would weigh on US soybean prices and acreage over the long run.
reuters.comKaren BraunJun 20, 2018After 803 past bearish trade events, SOY 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.
