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U.S. farm groups at an Agri-Pulse forum on March 21 said the White House's aggressive tariff rhetoric threatens overseas markets, especially China. China bought about $14 billion of U.S. soybeans last year, more than a third of U.S. production.
A China trade war would hit the largest foreign outlet for U.S. soybeans, pressuring soybean and meal prices lower.
agweek.comBill Tomson, Agri-PulseMar 26, 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.
