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Farm Policy News summarized recent press coverage of how US tariffs are affecting global commodity markets and how politicians and farmers are responding. Corn futures had fallen about 15% from a late May peak and wheat prices were down around 10%.
Tariff fears have pressured corn and wheat futures by reducing expected export demand and raising surplus concerns, weighing on prices despite tighter global stocks.
farmpolicynews.illinois.eduKeith GoodJul 22, 2018After 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.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
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.
