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China announced a 25 percent retaliatory tariff on multiple US goods including sorghum, soybeans, cotton, wheat, beef and pork, effective July 6. The move responds to new US tariffs of 25 percent on 1,102 Chinese goods.
Tariffs on US sorghum and soybeans reduce Chinese import demand and pressure US feed grain and oilseed prices, while encouraging buyers to shift to other origins.
farmprogress.comJun 16, 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.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
