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U.S.-China trade tensions, including Beijing's threatened 25 percent tariff on U.S. soybeans and an anti-dumping investigation, are creating uncertainty for American farmers planning their crops. The soybean tariff threat covers the single most valuable U.S. farm export to China, worth about $12 billion a year.
Uncertainty over China's soybean demand could shift U.S. planting between soybeans and corn, affecting future supply balances. Near-term price impact is limited until planting decisions are firm.
reuters.comTom PolansekMay 23, 2018After 250 past neutral trade events, SOY moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 480 past neutral trade events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
