◂ Event Timeline

Apr 9, 2018TRADEUS

USDA Looking at Options for Protecting Farmers From Chinese Tariffs

USDA Deputy Secretary Steve Censky discussed options to protect farmers from Chinese tariffs on US farm products. President Trump acknowledged farmers could suffer in the trade dispute and said they would ultimately benefit.

The administration has asked USDA for assistance options.

WHY IT MATTERS

Chinese retaliatory tariffs threaten the main export outlet for US soybeans, which is bearish for soybean prices. Government aid could cushion farm income without restoring export demand.

AFFECTSSoybeans▼

SOURCE
dtnpf.comChris ClaytonApr 9, 2018

Price reaction & history

Soybeans▼bearishSO FAR1d +1.3%5d +2.0%20d -0.6%

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 6, 2018New Chinese Tariffs Mean Lower Prices For Wisconsin Farmers - WPR-0.7%
Dec 13, 2023House panel calls for targeting China with tariffs, protecting ag from retaliation | Agri-Pulse Communications, Inc.-0.8%
Mar 29, 2018Chinese soybean tariffs would hurt U.S. soybean farmers+1.3%
Apr 12, 2025White House looks at how to help farmers hurt by China tariffs : NPR-1.3%
Sep 4, 2017US Farmers Look for Economic Boost From NAFTA Negotiations+1.4%

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.

Soybeans SOY · GP ▸

——— · ·

Loading…