China imposes an additional 25% tariff on US soybean, which or will lead to about 3.5% increase in hog production costs. - Analysis and Viewpoints of China Agriculture - CnAgri-China Agriculture Consultant

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.

• Jul 9, 2020Big soybean imports, soymeal price to stay at low level - China Sugar and Soft Drink Report - CnAgri-China Agriculture Consultant-0.9%
• Jun 15, 2018China announces retaliatory tariffs on $34 billion worth of US goods, including agriculture products-5.0%
• Oct 31, 2024Impact of Renewed China-U.S. Tariffs on U.S. Agriculture: Consequences for Corn and Soybean Farmers - Kentucky Corn Growers Association+1.8%
• Mar 4, 2025Which U.S. agricultural products did China hit with tariffs? | Reuters+0.2%
• Dec 13, 2023US lawmakers push to increase tariffs in trade ‘reset’ with China | Agriculture Dive-0.8%

After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.

• Mar 4, 2025China to impose extra tariffs of 10%-15% on various US farm products | Reuters+1.6%
• Jan 30, 2025Speculative fluctuations in grain and oilseed prices will increase due to uncertainty about duties and harvest in South America-0.5%
• Nov 14, 2025U.S.–China Soybean Deal: Comparing Past Export Levels and Global Market Impacts - Center for Commercial Agriculture-3.4%
• May 20, 2024US Soybean Prices Higher in Spite of Tariff Concerns+3.9%
• Jan 30, 2019What Soybean Politics Tell Us About Argentina and China-0.7%

After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% over 20.

• Jun 15, 2018China announces retaliatory tariffs on $34 billion worth of US goods, including agriculture products+2.3%
• Aug 23, 2019China to impose extra tariffs on U.S. soy, beef and pork-1.5%
• Nov 4, 2025Hog prices slip as China eases tariffs on US pork - CME | The Pig Site+0.4%
• Aug 28, 2019AgroPages-Argentine oilseed industry closer to start selling soybean meal to China-Agricultural news-0.2%
• Sep 7, 2026Ahead of Xi's US visit, China's soybean crushers face high costs, weak margins | Reuters-3.4%