# Trade Conflict Hits Agriculture Commodities - WSJ

> Agricultural commodities sold off on Friday as investors priced in weaker Chinese demand for US soybeans and corn. The Trump administration announced tariffs on tens of billions of dollars of Chinese imports, and China responded with tariffs on $3 billion of US goods including pork.

- Date: 2018-03-23 · published 2018-03-23T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/65863-trade-conflict-hits-agriculture-commodities-wsj
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Retaliation threats against US farm exports raise the risk of lower US export demand and weaker US grain prices, while higher Chinese feed costs could weigh on hog demand.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-06-16 | [China hits U.S. agriculture with retaliation](https://feedsoft.ai/events/64580-china-hits-u-s-agriculture-with-retaliation.md) | -1.2% | -8.4% |
| SOY | 2018-07-11 | [Trade War Repercussions for U.S. Agriculture](https://feedsoft.ai/events/63896-trade-war-repercussions-for-u-s-agriculture.md) | -1.5% | +4.3% |
| SOY | 2020-01-16 | [What is the toll of trade wars on U.S. agriculture? \| PBS News](https://feedsoft.ai/events/55070-what-is-the-toll-of-trade-wars-on-u-s-agriculture-pbs-news.md) | -2.1% | -3.5% |
| SOY | 2023-11-02 | [U.S. farm leaders, visiting China, talk up agriculture trade \| Reuters](https://feedsoft.ai/events/14797-u-s-farm-leaders-visiting-china-talk-up-agriculture-trade-reuters.md) | +4.5% | +4.0% |
| SOY | 2021-08-17 | [CRA Food & Agriculture Trade Update – August 17, 2021 - DocsLib](https://feedsoft.ai/events/45416-cra-food-and-agriculture-trade-update-august-17-2021-docslib.md) | -6.0% | -7.2% |
| CORN | 2018-06-16 | [China hits U.S. agriculture with retaliation](https://feedsoft.ai/events/64580-china-hits-u-s-agriculture-with-retaliation.md) | -0.9% | -3.9% |
| CORN | 2023-11-02 | [U.S. farm leaders, visiting China, talk up agriculture trade \| Reuters](https://feedsoft.ai/events/14797-u-s-farm-leaders-visiting-china-talk-up-agriculture-trade-reuters.md) | +1.4% | -2.0% |
| CORN | 2021-08-17 | [CRA Food & Agriculture Trade Update – August 17, 2021 - DocsLib](https://feedsoft.ai/events/45416-cra-food-and-agriculture-trade-update-august-17-2021-docslib.md) | -2.8% | -11.4% |

## Sources

- wsj.com: https://www.wsj.com/articles/trade-conflict-hits-agriculture-commodities-1521815633

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.