# Farmers Worry About Trade Retaliation in Soybeans, RFS Tradeoffs for Corn

> Farmers at Commodity Classic worried that US tariffs on steel and aluminum could trigger Chinese retaliation against US soybeans. Separately, corn growers watched White House meetings on the Renewable Fuel Standard. Agriculture Secretary Perdue said USDA stands ready to help with market disruptions.

- Date: 2018-03-01 · published 2018-03-01T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/66034-farmers-worry-about-trade-retaliation-in-soybeans-rfs-tradeoffs-for-corn
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Possible Chinese retaliation threatens a major export outlet for US soybeans, which would weigh on soybean prices. Uncertainty over biofuel policy also affects corn demand from ethanol.

## Read by commodity

- SOY: bearish ▼
- CORN: neutral
- DDGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-09-19 | [Soybean Farmers Worry About Tariffs' Impact : NPR](https://feedsoft.ai/events/63064-soybean-farmers-worry-about-tariffs-impact-npr.md) | +3.9% | +8.7% |
| SOY | 2018-10-12 | [Trade War Drives Farmers to Corn as China Shuns US Soybeans - TT](https://feedsoft.ai/events/8558-trade-war-drives-farmers-to-corn-as-china-shuns-us-soybeans-tt.md) | +0.6% | +1.1% |
| SOY | 2019-03-02 | [As trade war wears on, U.S. soybean farmers start to worry that China's demand won't return](https://feedsoft.ai/events/60197-as-trade-war-wears-on-u-s-soybean-farmers-start-to-worry-that-china-s-demand.md) | -1.7% | -1.7% |
| SOY | 2018-11-12 | [U.S. soybean farmers hang on for dear life in Trump's China trade war](https://feedsoft.ai/events/62097-u-s-soybean-farmers-hang-on-for-dear-life-in-trump-s-china-trade-war.md) | +1.9% | +4.5% |
| SOY | 2018-10-01 | [Farmers Rely on Corn for Cash Flow as Soybeans Stuff Storage Space](https://feedsoft.ai/events/62576-farmers-rely-on-corn-for-cash-flow-as-soybeans-stuff-storage-space.md) | +2.8% | -0.1% |
| CORN | 2018-05-23 | [U.S.-China trade row sows confusion in farmer planting plans](https://feedsoft.ai/events/64914-u-s-china-trade-row-sows-confusion-in-farmer-planting-plans.md) | -0.5% | -8.5% |
| CORN | 2023-02-15 | [US Still Not Happy About GM Corn Trade Conditions](https://feedsoft.ai/events/37299-us-still-not-happy-about-gm-corn-trade-conditions.md) | -0.3% | -5.3% |
| CORN | 2018-03-26 | [Corn and Beans Lower On China Trade Talk.](https://feedsoft.ai/events/66033-corn-and-beans-lower-on-china-trade-talk.md) | +3.8% | +3.1% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2018/03/01/farmers-worry-trade-retaliation-rfs

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