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President Trump imposed tariffs on steel and aluminum, with Canada and Mexico exempted, and signaled tougher measures against China. Farm groups warn that Chinese retaliation could hit U.S. soybean exports.
Retaliatory tariffs from China, the largest buyer of U.S. soybeans, would reduce export demand and pressure soybean and meal prices.
farmpolicynews.illinois.eduKeith GoodMar 11, 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.
After 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.
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.
