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China announced tariffs on $3 billion of US goods in response to the tariff dispute. Analysts said Beijing may open an investigation into US corn and soybean imports as a warning, after an earlier probe into US sorghum began in February.
A possible Chinese probe of US corn and soybeans, following the sorghum probe, raises risk to US feed grain export demand and supports prices for alternative origins.
apnews.comJOE McDONALDMar 23, 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 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.
Not enough comparable past events yet for a historical read.
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.
