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The National Sorghum Producers criticized China's 25 percent retaliatory tariffs covering sorghum, soybeans, wheat, cotton, vegetables, beef and pork, effective July 6. China buys more than half of US sorghum exports.
The tariffs threaten the largest export market for US sorghum and other feed-related commodities, which typically weighs on US cash and futures prices.
brownfieldagnews.comJun 18, 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.
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.
