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A Purdue University study projected that Chinese tariffs of 10% to 30% on US soybeans could cut Chinese imports of US beans by up to 71%. Total US soybean exports could fall by as much as 40% and production by 8% under the scenarios.
Large projected losses in US export demand would weigh on US soybean prices, while Brazil and Argentina would gain share in China's import market.
farmprogress.comMar 29, 2018After 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.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.
